Inflation Falls To 6.6%

Consumer Prices in October, as measured by the CPI, decreased by 0.2% in the month. This compares to a decrease of 0.2% recorded in October of last year.

Prices on average, as measured by the CPI, were 6.6% lower in October compared with October 2008.

The EU Harmonised Index of Consumer Prices (HICP) also decreased by 0.2% in the month, compared to a decrease of 0.4% in October of last year. As a result, prices on average, as measured by the HICP, were 2.8% lower in October compared with October 2008.

The most significant monthly price changes were decreases in transport costs (down 1%), furnishings, household equipment and routine household maintenance (also down 1%) and clothing and footwear (which fell by just under 1%).

There was an increase in education costs, which were up by 10.9%.