Inflation up 5.4% in October

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Inflation slowed down slightly in October, registering a year-on-year increase of 5.4 percent last month.

However, it continues to remain at a high level, attributed mainly to higher accommodation, private road transport and food costs.

According to the Department of Statistics, transport costs grew 10.5 percent year-on-year in October, while housing climbed 9.9 percent.

It added that food was 3.5 percent more expensive.

On a month-on-month basis, however, the Consumer Price Index (CPI) climbed only 0.4 percent in October, indicating that inflation had already peaked and therefore the pace of price increases are winding down.

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