Inflation down to 17-year low

Inflation fell to 0.9% in October – its lowest level since March 1989, says the national statistics office CBS. In September, inflation was at 1.1%. The scrapping of property taxes, lowering of tax on strong alcohol and lower parental contributions for crèche places have all driven inflation down, the CBS said. In particular, petrol is 8.15% cheaper than a year ago.

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