In January, the Retail Price Index went down to 104.11 from 105.44 in December.

In January, the Retail Price Index went down by 1.26%. This primarily reflected a drop of 17.45% in the Clothing and Footwear Index, mainly due to seasonally lower prices of garments. Cheaper household appliances and textiles caused the Household Equipment and House Maintenance Cost Index to decrease by 1.47%. Lower air fares underlay a decline of 0.98% in the Transport and Communication Index. The Housing Index went down by 0.81%, mainly on account of lower prices for construction works. The Recreation and Culture Index edged down by 0.28%, mainly due to a reduction in subscription fees to physical fitness centres. A downward movement in the prices of personal appearance articles caused the Personal Health and Care Index to go down by 0.17%.

The Other Goods and Services Index went up by 0.94%, mainly due to higher prices of gold articles. Higher prices of vegetables brought about an increase of 0.87% in the Food Index. An upward movement of 0.58% was registered in the Beverages and Tobacco Index, mainly as a result of price rises for served beverages. The Water, Electricity,

Gas and Fuels Index edged up by 0.05% due to the increased price of gas.

In January, the twelve-month moving average rate of inflation stood at 2.65%, whereas the annual rate stood at 1.87%.