Prices of goods and services for personal consumption 10.8% higher

Prices of goods and services for personal consumption keep growing in May

In May 2022, compared to April 2022, the prices of goods and services for personal consumption, measured by the consumer price index, increased by 1.4% on average. Compared to May 2021, that is, at the annual level, they increased by 10.8% on average, while on the annual average they increased by 5.4%.

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: Transport, of 19.0%, Food and non-alcoholic beverages, of 15.2%, Restaurants and hotels, of 12.1%, Furnishings, household equipment and routine household maintenance, of 11.7%, Housing, water, electricity, gas and other fuels, of 9.2%, Clothing and footwear, of 8.9%, Recreation and culture, of 6.6%, and Miscellaneous goods and services, of 6.2%.

The largest contribution to the growth rate of the annual index came from the following divisions: Food and non-alcoholic beverages (+3.94 percentage points), Transport (+2.80 percentage points), Housing, water, electricity, gas and other fuels (+1.55 percentage points) and Clothing and footwear (+0.52 percentage points).

At the monthly level, the highest increase on average in consumer prices was recorded in the divisions Transport, of 3.0% (contribution to the growth of +0.44 percentage points, due to higher prices of fuels and lubricants for personal transport equipment), Food and non-alcoholic beverages, of 2.1% (+0.54 percentage points), Furnishings, household equipment and routine household maintenance, of 1.5% (+0.09 percentage points), Recreation and culture, of 1.4% (+0.07 percentage points), Clothing and footwear and Restaurants and hotels, of 1.1% in each group (Clothing and footwear, +0.06 percentage points, and Restaurants and hotels, +0.05 percentage points), Miscellaneous goods and services, of 0.8% (+0.05 percentage points) and Housing, water, electricity, gas and other fuels, of 0.5% (+0.08 percentage points).

Additional information can be found in the First Release.

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