Inflation Falls To 4.3%

Consumer Prices in April, as measured by the CPI, increased by just 0.1% in the month. This compares to an increase of 0.8% in April of last year. As a result, the annual rate of inflation fell to 4.3%, down from 5.0% in March 2008.

The EU Harmonised Index of Consumer Prices (HICP) increased by 0.1% in the month, compared to an increase of 0.5% in April 2007.

The annual rate of inflation, as measured by the HICP, decreased from 3.7% in March to 3.3% in April.

The most notable changes in the year were increases in Housing, Water, Electricity, Gas & Other Fuels, Food & Non-Alcoholic Beverages, Health and Education.

There were small decreases in Clothing and Footwear, Furnishings, Household Equipment and Routine Household Maintenance.

The annual rate of inflation for Services was 4.8% in April, while Goods increased by 3.8% in the year.