Consumer prices up 4.1% in July 2019

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Consumer prices were up 4.1% in July 2019 compared to July 2018. The annual rate calculated on the basis of the Harmonised Index of Consumer Prices (HICP) is 4.1%, the National Institute of Statistics reported on Monday.

The average consumer price rate based on the CPI over the last 12 months (August 2018-July 2019) as compared to the previous 12 months (August 2017-July 2018) is 4.0%. The average rate based on the HICP is 4.0%.

The annual inflation rate was up to 4.1% in July this year, from 3.84% in June amid recent rise of foodstuff (5.15%), of services (4.11%) and of non-food goods (3.44%).

Compared to December 2018, the price of potatoes for instance has climbed to 21.7%, while the price rise for citrus fruit stood at 20.1%. Price hike were also reported on fuel and tobacco.

Some foodstuff such as eggs and beans saw slight decreases 7.7% – eggs and 2.18% – beans.

On the other hand, the pork price increased by 0.58% in July, as well as the cottage cheese (0.55%).

As against the end of 2018, tobacco also got more expensive by 6.18%, the fuel prices were up by 4,79%, the thermal power by 4,79%

INS yet mentioned that the gas prices declined by 4.93% in the first seven months of 2019 and the electricity was down by 0.61%.

Price hikes were also reported on air traffic services (9.26% rise compared to July last year).

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