Annual Inflation for September declined by 0.1 percentage points, to 5.3% compared to 5.4% recorded August. On a monthly basis, the inflation rate eased to 0.2% from 0.3%. The annual decline in inflation resulted from food and non-alcoholic beverages, transport, recreation and culture, housing, water, electricity gas and other fuels and communication. On a monthly basis, the decrease resulted from monthly decreases recorded in all groups comprising NCPI.
The main drivers of the annual inflation were the large weighted items in the overall inflation basket: food and non-alcoholic beverages (8.4%) as well as transport (6.6%). Additional relatively smaller contributions to inflation were seen from the minor groups, such as recreation and culture (5.6%), hotels, cafes and restaurants (5.3%) and miscellaneous goods and services (4.5%).