Prices in November 4.7% higher at the annual level

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

In November 2023, compared to November 2022 (at the annual level), the prices of goods and services for personal consumption, measured by the consumer price index, increased by 4.7% on average, while compared to October 2023 (at the monthly level), they decreased 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 12.0% (contribution to the growth of +0.60 percentage points), Food and non-alcoholic beverages, of 7.9% (+2.10 percentage points), Clothing and footwear, of 7.5% (+0.46 percentage points), Health, of 6.1% (+0.19 percentage points), Recreation and culture, of 5.6% (+0.29 percentage points), Education, of 5.4% (+0.04 percentage points), Alcoholic beverages and tobacco as well as Miscellaneous goods and services, of 5.1% in each division (contribution to the growth of +0.26 percentage points in the division Alcoholic beverages and tobacco, and of +0.32 percentage points in the division Miscellaneous goods and services).

In November 2023, compared to November 2022 (at the annual level), the prices of goods and services for personal consumption, measured by the harmonised index of consumer prices, increased by 5.5% on average, while compared to October 2023 (at the monthly level), they decreased by 0.4% on average.

Additional information can be found in the First Release.

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