The consumer price index in August 2024 versus July 2024 inched 0.23% higher.

Services prices grew by 8.6%, prices of non-food items were 4.35% higher and food prices grew by 4.25% in August 2024 compared with August 2023. 

During the same period, the highest food prices were recorded by potatoes (18%), vegetables and canned vegetables (14.1%), canned fruit (9.5%), wine and beer (7.4%-7.9%), sugar, confectionery and honey (6.9%). In contrast, the biggest price drops were recorded by edible oil (down nearly 9%), butter (lower by over 12%) and sugar (-5.4%).

In August 2024 compared with August 2023, the highest price hikes in non-food items were recorded by detergents (+17%), chemical items (+12.2%), books, newspapers and magazines (+9.6%), cosmetic products (5.8%), tobacco and cigarettes (8.4%), footwear (+7.31%) and fuel (+2.56%).

In terms of services, the highest price increases were recorded by postal services (+26.61%), plane tickets (22.4%), water supply, sewage collection and sanitation (+15.5%), medical care (+10.68%) and restaurant prices (10.78%).

The inflation rate since the beginning of the year (August 2024 compared to December 2023) is 3.4%.

The average rate of change in consumer prices over the last 12 months (September 2023-August 2024) as compared to the previous 12 months (September 2022-August 2023) is 6.5%.

The Harmonized Index of Consumer Prices in August 2024 compared to July 2024 is 100.28%.

The HICP-based annual inflation rate in August 2024 compared to August 2023 is 5.3%.

The HICP-based average rate of change in consumer prices over the last 12 months (September 2023-August 2024) as compared to the previous 12 months (September 2022-August 2023) is 6.7%.