In July 2024 the Consumer Price Index decreased by 0.4% compared to the previous month, while the annual inflation rate amounted to 1.8%. With regard to the annual core inflation, the prices increased by 1.2%, while the annual core inflation without tobacco amounted to 1.1%, reads the report of GeoStat.

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

Food and non-alcoholic beverages: the prices for the group decreased by 0.7%, contributing -0.24% to the overall monthly inflation rate. The prices decreased for the following subgroups: vegetables (-6.1%), fruit and grapes (-2.2%), milk, cheese and eggs (-1.6%), meat (-0.6%), fish (-0.1%). At the same time, prices increased for sugar, jam, honey, chocolate and confectionery (3.8%), oils and fats (2.2%), coffee, tea and cocoa (1.8%);

Clothing and footwear: the prices decreased by 2.1%, contributing -0.08% to the overall monthly inflation rate. Prices were lower for both clothing (-2.1%) and footwear (-1.8%);

Miscellaneous goods and services: the prices for the group increased by 1.4%, contributing 0.07% to the overall index. Within the group, the prices were higher mainly for the following subgroups: financial services n.e.c. (4.2%), personal care (0.7 percent), personal effects n.e.c. (0.3%).

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

Transport: the prices for the group increased by 9.4%, contributing 1.12% to the overall index. Within the group the prices increased for operation of personal transport equipment (12.3%), transport services (5.6%) and purchase of vehicles (3.3%);

Food and non-alcoholic beverages: the prices in the group increased by 1.4%, contributing 0.48% to the overall annual inflation rate. Within the group the prices increased for the following subgroups: fruit and grapes (22.5%), sugar, jam, honey, chocolate and confectionery (5.7%), coffee, tea and cocoa (4.9%), mineral waters, soft drinks, fruit and vegetable juices (3.5%), vegetables (2.7%), meat (0.9%). At the same time, the prices decreased for the following subgroups: oils and fats (-3.8%), bread and cereals (-2.5%);

Alcoholic beverages and tobacco: the prices increased by 4.3%, with the relevant contribution of 0.29% to the overall annual inflation rate. The prices increased for both alcoholic beverages (5.7%) and tobacco (2.6%);

Housing, water, electricity, gas and other fuels: the prices for the group decreased by 2.8%, contributing -0.22% to the overall index. The prices were lower for the subgroup of electricity, gas and other fuels (-5.3%).