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STATISTICS MALTA

RETAIL PRICE INDEX (RPI): MARCH 2023

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NSO INDEX OF INDUSTRIAL PRODUCTION JANUARY 2023Price changes and effects on inflation

The highest annual inflation rates in March 2023 were registered in Housing (14.58 per cent) and Food (11.78 per cent).

 

On the other hand, the lowest annual inflation rates were registered in Water, electricity, gas and fuels (0.00 per cent), and Transport and communication (1.92 per cent) (Table 1).

Chart 3 depicts the impact on the annual inflation rate by the 10 main groups. An impact is a measure showing the change in inflation as a result of the inclusion of an index. Such an impact takes into account both the weight and the annual rate of inflation by group.

In March 2023, the largest upward impact on annual inflation was registered in the Food Index (+2.53 percentage points), largely due to higher prices of take-aways. The second and third largest impacts were measured in the Housing Index (+1.15 percentage points) and the Other goods and services Index (+0.57 percentage points), mainly on account of higher prices of house maintenance services and cleaning products, respectively (Chart 3).

No downward impacts on annual inflation were registered for the month of March (Chart 3).

In March, the Housing Index registered the highest annual inflation rate at 14.58 per cent (Table 1), of which Rent registered an annual rate of 10.36 per cent, Materials for house maintenance registered an annual rate of 13.25 per cent and Services for house maintenance registered an annual rate of 17.39 per cent (Table 3).

The Water, electricity, gas and fuels Index registered the lowest annual inflation rate of 0.00 per cent (Table 1), since the prices of all subcomponents remained unchanged (Table 3).

 

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