In January 2022 the Consumer Price Index (CPI) increased by 1.1% compared to the previous month, while the annual inflation rate amounted to 13.9%.

With regard to the annual core inflation1, the prices increased by 5.6%, while the annual core inflation without tobacco also amounted to 5.6%.

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

Food and non-alcoholic beverages: the prices for the group increased by 2.5%, contributing 0.84% to the overall monthly index change. The prices were higher for the following subgroups: vegetables (8.4%), fruit and grapes (7.4%), mineral waters, soft drinks, fruit and vegetable juices (4.1%), milk, cheese and eggs (3.2%), coffee, tea and cocoa (1.4%), fish (1.2%), meat (1.1%);

Housing, water, electricity, gas and other fuels: the prices for the group posted a 2.9% increase, which contributed 0.24% to the inflation rate. The prices were higher for the following subgroups: electricity, gas and other fuels (4.4%), maintenance and repair of the dwelling (0.8%);

Clothing and footwear: the prices for the group decreased by 3.8%, with the relevant contribution of -0.14% to the monthly inflation rate.