The country’s annual inflation rate touched a record high of 15.9% in September 2022 as compared to September 2021.
Consumer prices were up 1.3% in October 2022 from September 2022.
Food prices grew by 20%, services prices climbed 8.3%, while prices of non-food items were 14% higher in October 2022 compared with October 2021.
The highest price increases in October 2022 compared with October 2021 were recorded by natural gas (+40%), electricity (27%), plane tickets (+28%). The highest food prices were recorded by sugar (62%), edible oil (+43%), butter (40%), potatoes (+40%), flour and maize flour (+34%), milk and cheese (27% and 28%), bread (26%) and fish (over 20%).
The inflation rate since the beginning of the year (October 2022 compared to December 2021) is 14.5%.
The average rate of change in consumer prices over the last 12 months (November 2021-October 2022) as compared to the previous 12 months (November 2020-October 2021) is 12.4%.
The Harmonised Index of Consumer Prices in October 2022 compared to September 2022 is 101.35%.
The HICP-based annual inflation rate in October 2022 compared to October 2021 is 13.5%.
The HICP-based average rate of change in consumer prices over the last 12 months (November 2021-October 2022) as compared to the previous 12 months (November 2020-October 2021) is 10.8%.