The consumer price index in October 2024 versus September 2024 inched 0.6% higher.
Services prices grew by 7.6%, food prices increased by 4.7% and prices of non-food items were 3.4% higher in October 2024 compared with October 2023.
During the same period, the highest food prices were recorded by vegetables and canned vegetables (11%), fresh fruit (13%), canned fruit (9%), fresh fruit (7%), wine and beer (nearly 7%). In contrast, the biggest price drops were recorded by flour and maize and butter (nearly 10%), sugar (6%) and edible oil (6%).
In October 2024 compared with October 2023, the highest price hikes in non-food items were recorded by detergents (+13%), tobacco and cigarettes (10%), cosmetic products as well as magazines and newspapers (7%). Instead, prices of natural gas are 10% lower.
In terms of services, the highest price increases were recorded by postal services (+17%), hygiene and cosmetics (11%), water supply, sewage collection and sanitation (+11%), rent and restaurant prices (+10% each), plane tickets (10%).
The inflation rate since the beginning of the year (October 2024 compared to December 2023) is 4.4%.
The average rate of change in consumer prices over the last 12 months (November 2023-October 2024) as compared to the previous 12 months (November 2022-October 2023) is 5.8%.
The Harmonised Index of Consumer Prices in October 2024 compared to September 2024 is 100.71%.
The HICP-based annual inflation rate in October 2024 compared to October 2023 is 5%.
The HICP-based average rate of change in consumer prices over the last 12 months (November 2023-October 2024) as compared to the previous 12 months (November 2022-October 2023) is 6.1%.