Prices up in October by 0.28 pc. The annual inflation rate has reached minus 1.6 pc. Constructions up by 10 pc in nine months

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Prices have increased by 0.28% in October against the previous month, reaching minus 1.6% in annual rate, according to data released on Wednesday by the National Statistics Institute (INS).
Foodstuff registered prices by 0.5% higher, the largest increase was of 6.38%, registered for potatoes. Non-food prices rose by 0.13% and prices of services went up by 0.27%.
As compared to December 2014, prices are lower by 1.35%.
In September, prices increased by 0.26% and the annual inflation rate reached -1.7%, thus returning to the July level, although in August had peaked to -1.9% due to higher consumer goods prices by 0.9% for foodstuff and by 0.1% for services during September.
The annual inflation rate went negative in June for the first time in 25 years, to -1.6%, after prices were lower by some 3% as compared to May, due to VAT cut for food and beverages to 9% from June 1, 2015.

Constructions up by 10 pc in nine months, up by 13 pc in September vs. August

The volume of construction works have increased in the first nine months of this year by 9.9% as gross series against the same period in 2014, while the advance in September as compared to August, also on the unadjusted series, was of 13.7%, according to the data released on Wednesday by the INS.
As adjusted series by number of working days and seasonality in the first nine months of this year, the volume of construction works have increased by 10.5% against the same period last year, and monthly – September vs. August – the volume increased by 0.7%.
By construction objectives, the volume of construction works increased as follows: 8.6% non-residential buildings, residential buildings by 6.7% and civil engineering buildings by 6.4%.

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