Annual inflation rate dips to 2.7% in August
Publicat:The annual inflation rate dipped to 2.7% in August this year, from 2.8% in July, given that foodstuff prices rose by 5.45%, service prices advanced by 2.97%, and non-food prices picked up by 0.75%, according to data published on Thursday by the National Institute of Statistics (INS).
"Consumer prices in August 2020 increased by 2.7% compared to August 2019. The annual rate calculated on the basis of the Harmonized Index of Consumer Prices (HICP) is 2.5%. The average rate of consumer prices in the last 12 months (September 2019 - August 2020) compared to the previous 12 months (September…
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