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Annual food inflation rate rises to 10.2% in June

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Annual food inflation rate rises to 10.2% in June, official inflation rate now at 6.1%

A sharp increase in food prices was confirmed once more by official data on Tuesday, with the National Statistics Office saying that food and non-alcoholic beverages had an annual inflation rate of 10.2 % in June.

In a statement about the Harmonised Index of Consumer Prices (HICP),the annual rate of inflation was 6.1 per cent, up from 5.8 per cent in May.

The largest upward impact on annual inflation was measured in the Food and non-alcoholic beverages Index (+1.73%).

The NSO said the price of meat accounted for the biggest increase in food prices.

The second and third largest inflation impacts last month were measured in the Housing, water, electricity, gas and other fuels Index (+0.86%) and the Restaurants and hotels Index (+1.12 %).

 

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ARTICLE WRITTEN BY TIMES MALTA

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