05.Jan .2021 12:00

Which price changes influenced annual inflation? - Geostat

Which price changes influenced annual inflation? - Geostat
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With regard to the annual core inflation, the prices increased by 5.3%, while the annual core inflation without tobacco amounted to 4.9% - Geostat reported today.

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 6.8%, contributing 2.19 percentage points to the overall annual inflation rate. Within the group the prices increased for the following subgroups: oils and fats (27.2%), coffee, tea and cocoa (13.4%), milk, cheese and eggs (11.3%), fish (8.8%), sugar, jam, honey, chocolate and confectionery (8%), bread and cereals (7%), mineral waters, soft drinks, fruit and vegetable juices (4.5%), vegetables (3.3%), meat (1.7%). Along with this, the prices decreased for fruit and grapes (-4.5%);

Health - the prices went up by 9.6%, contributing 0.76 percentage points to the overall annual inflation rate. The prices increased for medical products, appliances and equipment (13.6%) and out-patient services (11.9%); 
 
Furnishings, household equipment and maintenance - the prices in the group increased by 9.5%, contributing 0.56 percentage points to the annual inflation. The prices were higher for the following subgroups: goods and services for routine household maintenance (11.2%), glassware, tableware and household utensils (11.2%), furniture and furnishings, carpets and other floor coverings (9.1%), tools and equipment for house and garden (8.2%), household textiles (6.7%), household appliances (5.9%);
 
Alcoholic beverages and tobacco - the prices increased by 8.6%, with a relevant contribution of 0.56 percentage points to the overall annual inflation rate. The prices increased for both tobacco (12.7%) and alcoholic beverages (5.4%); Housing, water, electricity, gas and other fuels - the prices for the group posted a 21.7% decrease, which contributed -1.94 percentage points to the annual inflation rate.The prices were lower for the following subgroups: water supply and miscellaneous services relating to the dwelling (-36.5%) and electricity, gas and other fuels (-30.1%).

According to Geostat, in December 2020 the CPI decreased by 1% compared to the previous month, while the annual inflation rate amounted to 2.4% - Geostat reported.