As thousands of children and students returned to their classes in the past few weeks, education performed as the highest contributor to annual inflation, at 17.2%, with food and beverage, which had consistently topped the charts over Summer, coming a distant second at 3.5%.
In September 2021, the annual rate of inflation as measured by the HICP was 0.7%, up from 0.4% in August 2021, according to data released by the NSO.
On the other hand, the lowest annual inflation rates were registered in Communication (-1.6%) and Transport (-0.4%).
On an annualised basis, the largest upward impact on annual inflation was measured in the Food and non-alcoholic beverages Index (+0.6%), while the largest downward impact was recorded in the Restaurants and hotels Index (-0.67%).
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