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Annual Inflation Slows to 4.6% – Geostat

Year-on-year rate of inflation fell from 7.2% in August to 4.6% in September with consumer price index rising 0.6% month-on-month, the state statistics agency, Geostat, said on Monday.

Fuel and transport prices were key drivers of inflation. Prices on transport services increased 23.8% y/y in September (same figure was reported for August) and fuel prices increased 17.3% y/y in September (20.5% in August).

Prices on food and non-alcoholic beverages increased 5.8% y/y in September down from 12% in August. Price rise was high on meat (24.9%); sugar (15.7%); milk, cheese and eggs (11.2%).

There was 7.6% y/y decrease in prices for communications services in September, according to Geostat.

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