The consumer price index has dropped constantly over the last months, from a record high of 16.8% in November 2022.
The consumer price index in May 2023 compared to April 2023 is 0.64%.
Food prices grew by 18.7%, services prices climbed 11%, while prices of non-food items were 5% higher in May 2023 compared with May 2022.
The highest food prices in April 2023 compared with April 2022 were recorded by sugar (+58%), butter (+32%), margarine (+31%), eggs (+30%), cheese (+26%) potatoes (+25%) and milk (+21%).
The highest price hikes in non-food items in May 2023 compared with May 2022 were recorded by heat energy (+24%), detergents (+16.7%), cosmetic items (+15.5%), natural gas (+10.1%) and electricity (3.7%).
Price increases of 11.6% and 10.3% were recorded by knitwear and footwear, prices of books, newspapers and magazines climbed 10.5%, while prices of cars and spare parts grew by 9.9%.
In terms of services, the highest price increases were recorded by plane tickets (+46%), water supply, sewage collection and sanitation (+21%), and rail transport (+21%). Instead, in May 2023 versus May 2022, fuel prices fell by 10% and medicine prices by an average 3.7%.
The inflation rate since the beginning of the year (May 2023 compared to December 2022) is 3.8%.
The average rate of change in consumer prices over the last 12 months (June 2022-May 2023) as compared to the previous 12 months (June 2021-May 2022) is 14.7%.
The Harmonised Index of Consumer Prices in May 2023 compared to April 2023 is 100.49%.
The HICP-based annual inflation rate in May 2023 compared to May 2022 is 9.6%.
The HICP-based average rate of change in consumer prices over the last 12 months (June 2022-May 2023) as compared to the previous 12 months (June 2021-May 2022) is 12.8%.