03.Dec .2019 13:10

Inflation Increased up to 7% in November, which is the highest rate after 2017

Inflation Increased up to 7% in November, which is the highest rate after 2017
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Geostat has published a new report. According to the document, in November 2019 the Consumer Price Index increased by 0.9 percent compared to the previous month, while the annual inflation rate amounted to 7.0 percent. It is the highest rate after 2017.

The annual inflation rate was mainly influenced by price changes for the following groups:

Food and non-alcoholic beverages: the prices in the group went up by 13.4 percent, contributing 4.02 percentage points to the overall annual inflation rate. The prices were higher for the following subgroups: fruit and grapes (30.3 percent), vegetables (16.2 percent), milk, cheese and eggs (15.4 percent), fish (14.5 percent), meat (13.1 percent), bread and cereals (11.9 percent), sugar, jam, honey, chocolate and confectionery (11.5 percent), mineral waters, soft drinks, fruit and vegetable juices (8.2 percent), coffee, tea and cocoa (3.9 percent), also oils and fats (2.8 percent);

Alcoholic beverages and tobacco: the prices increased by 15.4 percent, with a relevant contribution of 1.03 percentage points to the overall annual CPI growth. The prices were higher for tobacco (29.9 percent) and for alcoholic beverages (3.4 percent);

Recreation and culture: the prices rose by 7.0 percent, contributing 0.4 percentage points to the overall annual inflation rate. The prices in the group increased for other major durables for recreation and culture (11.6 percent), also for recreational and cultural services (1.6 percent);

Transport: the prices increased by 3.1 percent, which resulted in a 0.37 percentage point contribution to the overall annual inflation rate. The prices were higher for purchase of vehicles (9.6 percent), transport services (3.0 percent) and operation of personal transport equipment (2.6 percent);

Restaurants and hotels: the prices went up by 7.4 percent, contributing 0.32 percentage points to the overall annual inflation rate. The prices in the group increased for catering services (8.4 percent) and accommodation services (1.0 percent).