Prices 2.2% higher at the annual level in July 2024

At the monthly level, they remained unchanged

In July 2024 compared to July 2023 (at the annual level), the prices of goods and services for personal consumption, measured by the consumer price index, increased by 2.2% on average, while, compared to June 2024 (at the monthly level), they remained at the same level on average.

Observing the main divisions of the ECOICOP classification, at the annual level, the highest increase on average in consumer prices was recorded in the following divisions: Restaurants and hotels, of 9.5% (contribution to the growth of +0.48 percentage points), Education, of 5.5% (+0.04 percentage points), Health, of 4.9% (+0.15 percentage points), Miscellaneous goods and services, of 4.0% (+0.25 percentage points), Alcoholic beverages and tobacco as well as Recreation and culture, of 3.4% in each division (contribution to the growth of +0.17 percentage points in the division Alcoholic beverages and tobacco and of +0.18 percentage points in the division Recreation and culture), Transport, of 3.0% (+0.42 percentage points), Communication, of 2.9% (+0.15 percentage points), Food and non-alcoholic beverages, of 1.7% (+0.45 percentage points), and Clothing and footwear, of 0.9% (+0.06 percentage points).

In July 2024 compared to July 2023 (at the annual level), the prices of goods and services for personal consumption, measured by the harmonised index of consumer prices, increased by 3.3% on average. Compared to June 2024 (at the monthly level), they increased by 1.0% on average.

Find out more information in the First Release.

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