In July 2020 the Consumer Price Index decreased by 0.5 percent compared to the previous month, while the annual inflation rate amounted to 5.7 percent.
The monthly inflation rate was mainly influenced by price changes for the following groups: Food and non-alcoholic beverages: the prices in the group decreased by 1.6 percent, contributing -0.51 percentage points to the overall monthly inflation rate. The prices were lower for the following subgroups: fruit and grapes (-11.7 percent), vegetables (-8.2 percent), sugar, jam, honey, chocolate and confectionery (-2.7 percent).
Furthermore, the prices increased for coffee, tea and cocoa (2.0 percent); Clothing and footwear: the prices decreased by 4.0 percent, contributing -0.15 percentage points to the overall monthly inflation rate. The prices went down for both clothing (-4.8 percent) and footwear (-2.7 percent); Transport: the prices increased by 1.0 percent, contributing 0.11 percentage points to the overall monthly inflation rate. Within the group the prices increased for purchase of vehicles (1.4 percent) and operation of personal transport equipment (1.4 percent).
The annual inflation rate was mainly influenced by price changes for the following groups: Food and non-alcoholic beverages: the prices in the group increased by 11.5 percent, contributing 3.55 percentage points to the overall annual inflation rate.
Within the group the prices increased for the following subgroups: fruit and grapes (32.0 percent), coffee, tea and cocoa (17.4 percent), milk, cheese and eggs (14.6 percent), fish (14.3 percent), oils and fats (12.6 percent), meat (11.5 percent), mineral waters, soft drinks, fruit and vegetable juices (10.2 percent), bread and cereals (9.4 percent) and sugar, jam, honey, chocolate and confectionery (5.1 percent); Alcoholic beverages and tobacco: the prices increased by 9.0 percent, with a relevant contribution of 0.61 percentage points to the overall annual inflation rate. The prices increased for both tobacco (12.7 percent) and alcoholic beverages (5.9 percent); Transport: the prices went down by 9.3 percent, which resulted in a -1.18 percentage point contribution to the overall annual inflation rate. The prices decreased for operation of personal transport equipment (-11.9 percent) and transport services (-7.1).
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