Prices 4.5% higher in December at the annual level

The highest increase recorded in Restaurants and hotels

In December 2023, as compared to November 2023 (at the monthly level), the prices of goods and services for personal consumption, measured by the consumer price index, decreased by 0.5% on average. As compared to December 2022 (at the annual level), they increased by 4.5% on average, while on the annual average they increased by 8.0%.
 
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 12.4% (contribution to the growth of +0.62 percentage points), Food and non-alcoholic beverages, of 6.7% (+1.78 percentage points), Clothing and footwear, of 5.7% (+0.35 percentage points), Health, of 5.6% (+0.18 percentage points), Education, of 5.4% (+0.04 percentage points), Recreation and culture, of 5.0% (+0.26 percentage points), Miscellaneous goods and services, of 4.9% (+0.31 percentage points), Alcoholic beverages and tobacco, of 4.5% (+0.23 percentage points), Furnishings, household equipment and routine household maintenance, of 4.2% (+0.24 percentage points), Transport, of 3.0% (+0.42 percentage points), and Communication, of 2.2% (+0.12 percentage points).
 
In December 2023, as compared to November 2023 (at the monthly level), the prices of goods and services for personal consumption, measured by the harmonised index of consumer prices, decreased by 0.3% on average. As compared to December 2022 (at the annual level), they increased by 5.4% on average, while on the annual average they increased by 8.4%.
 
Additional information can be found in the First Release.

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