Prices 4.1% higher in February 2024 at the annual level

Annual inflation rate at the same level as in January

In February 2024 compared to February 2023 (at the annual level), the prices of goods and services for personal consumption, measured by the consumer price index, increased by 4.1% on average. Compared to January 2024 (at the monthly level), they increased by 0.2% 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 10.4% (contribution to the growth of +0.53 percentage points), Miscellaneous goods and services, of 5.9% (+0.37 percentage points), Food and non-alcoholic beverages as well as Health, of 5.7% in each division (contribution to the growth of +1.51 percentage points in the division Food and non-alcoholic beverages and of +0.18 percentage points in division Health), Education, of 5.4% (+0.04 percentage points), Recreation and culture, of 4.9% (+0.25 percentage points), Transport, of 4.3% (+0.60 percentage points), and Alcoholic beverages and tobacco, of 4.0% (+0.20 percentage points).

In February 2024 compared to February 2023 (at the annual level), the prices of goods and services for personal consumption, measured by the harmonised index of consumer prices, increased by 4.8% on average. Compared to January 2024 (at the monthly level), they increased by 0.3% on average.

Additional information can be found in the First Release.

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