Prices 4.1% higher in March 2024 at the annual level

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

In March 2024 compared to March 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, which is the same level of the annual inflation rate as in January and February 2024. Compared to February 2024 (at the monthly level), they increased by 0.9% 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), Miscellaneous goods and services, of 6.0% (+0.38 percentage points), Alcoholic beverages and tobacco as well as Health, of 5.6% in each division (contribution to the growth of +0.28 percentage points in the division Alcoholic beverages and tobacco and of +0.18 percentage points in the division Health), Education, of 5.4% (+0.04 percentage points), Transport, of 5.2% (+0.72 percentage points), Food and non-alcoholic beverages, of 4.5% (+1.19 percentage points), Recreation and culture, of 4.4% (+0.23 percentage points), Furnishings, household equipment and routine household maintenance, of 3.3% (+0.19 percentage points), and Communication, of 3.2% (+0.17 percentage points).
 
In March 2024 compared to March 2023 (at the annual level), the prices of goods and services for personal consumption, measured by the harmonised index of consumer prices, increased by 4.9% on average. Compared to February 2024 (at the monthly level), they increased by 0.9% on average.
 
Additional information can be found in the First Release.
 

 

News