Prices 3.3% higher in April 2024 at the annual level

The highest increase in division Restaurants and hotels, of 10.7%

In May 2024 compared to May 2023 (at the annual level), the prices of goods and services for personal consumption, measured by the consumer price index, increased by 3.3% on average. Compared to April 2024 (at the monthly level), they increased by 0.1% 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 10.7% (contribution to the growth of +0.54 percentage points), Transport, of 5.9% (+0.82 percentage points), Alcoholic beverages and tobacco as well as Education, of 5.4% in each division (contribution to the growth of +0.27 percentage points in the division Alcoholic beverages and tobacco and of +0.04 percentage points in the division Education), Health, of 5.3% (+0.17 percentage points), Miscellaneous goods and services, of 4.3% (+0.27 percentage points), Recreation and culture, of 3.8% (+0.20 percentage points), Communication, of 3.2% (+0.17 percentage points), Food and non-alcoholic beverages, of 2.8% (+0.74 percentage points), and Furnishings, household equipment and routine household maintenance, of 2.4% (+0.14 percentage points).

Harmonised index of consumer prices In May 2024 compared to May 2023 (at the annual level), the prices of goods and services for personal consumption, measured by the harmonised index of consumer prices, increased by 4.3% on average. Compared to April 2024 (at the monthly level), they increased by 0.2% on average.

Find out more information in the First Release.

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