Monthly inflation of 0.5% for August and 2.6% since the beginning of 2012

In August, consumer prices increased by 0.5%, compared to July, the National Statistical Institute (NSI) announced on Wednesday. The inflation rate is 2.6% since the beginning of the year and 2.5% for the last 12 months. Year-on-year growth in prices has reached 3.9%, remaining for a second straight month over 3% after being a little over 1.5% four months ago.

The largest increase in August was registered by transportation costs (2.9%), food and beverages (0.9%), while prices of clothing and footwear dropped most significantly - 3.3%. At the same time, prices of medical and dental services rose by 0.1% and 0.2%, respectively, and those of drugs and other pharmaceutical products by 0.1%.

Prices in the so-called small consumer basket (including the 100 indispensable goods and services with the weight they have in the budgets of the poorest 20% of households) increased by 0.8%, compared to July. The inflation rate of the goods and services in the small consumer basket since the beginning of 2012 is 3.1%. The prices of foods in the small basket rose by 1.2%, those of non-food products by 0.2% and these of services by 0.1%.

According to the EU methodology (the so-called harmonised index of consumer prices), the inflation was 0.6% in August and 3.1% on an annual basis. According to this methodology, the inflation rate since the beginning of the year is 2.4% and 2.3% for the last 12 months until August, compared to the previous 12 months.

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