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Annual inflation rate at 1.21 pct in April 2014
Consumer prices advanced 0.27 percent in April 2014 when compared to the previous month, while when compared to April 2013, consumer prices have gone up by 1.21 percent, according to data remitted on Monday by the National Institute for Statistics (INS).
The mean monthly inflation rate of the first four months on 2014 stood at 0.4 percent, a 0.1 percent decrease when compared to the 0.5 percent recorded in the same period of 2013.
Food stuffs got cheaper in March, both compared to the previous month, the difference being 0.06 percent, and when compared to March 2013, the difference standing at 2.29 percent, as INS data show. At the same time non-food products recorded a rise in prices, 0.67 percent more expensive in March than in February, and 3.04 percent more expensive in March 2014 when compared to March 2013. The price of services decrease with 0.05 percent monthly variance, but increased 3.91 percent overall when taking into account the entire year.
'The mean increase in prices overall in the past 12 months (May 2013 - April 2014) when compared to the previous 12 months (May 2012 - April 2013), determined from changes in the Consumer Price Index is 2.5 percent, whereas the increase determined from changes in the Harmonised Index of Consumer Prices (HICP) stands at 2.1 percent', the INS release adds.