Prices 5.8% higher in October at the annual level

The highest increase recorded in divisions Food and non-alcoholic beverages and Restaurants and hotels

In October 2023, compared to October 2022 (at the annual level), the prices of goods and services for personal consumption, measured by the consumer price index, increased by 5.8% on average, while compared to September 2023 (at the monthly level), they increased by 0.5% 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 12.1% (contribution to the growth of +0.61 percentage points), Food and non-alcoholic beverages, of 8.7% (+2.31 percentage points), Recreation and culture, of 6.7% (+0.35 percentage points), Clothing and footwear as well as Miscellaneous goods and services, of 6.6% in each division (contribution to the growth of +0.40 percentage points in the division Clothing and footwear and of +0.41 percentage points in the division Miscellaneous goods and services), Health, of 6.4% (+0.20 percentage points), Furnishings, household equipment and routine household maintenance, of 6.3% (+0.36 percentage points), Education, of 5.5% (+0.04 percentage points), and Alcoholic beverages and tobacco, of 5.4% (+0.27 percentage points).

In October 2023, compared to October 2022 (at the annual level), the prices of goods and services for personal consumption, measured by the harmonised index of consumer prices, increased by 6.7% on average, while compared to September 2023 (at the monthly level), they increased by 0.3% on average.

Additional information can be found in the First Release.

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