Specifically, according to ELSTAT data, inflation last month was 2.7% compared to a 2.5% increase that occurred during the corresponding comparison of the year 2023 with 2022.
The average CPI for the twelve months of August 2023 – July 2024, compared to the corresponding Index for the twelve months of August 2022 – July 2023, showed an increase of 2.8%, compared to an increase of 6.2% recorded during the corresponding comparison of the twelve months of August 2022 – July 2023 with the twelve months of August 2021 – July 2022.
Inflation: ELSTAT data in detail
The increase of the General CPI by 2.7% in the month of July 2024, compared to the corresponding Index of July 2023, came mainly from the changes in the following groups of goods and services:
- Of the increases in indicators by:
- 2.4% in the group Food and non-alcoholic beverages, due mainly to price increases in: bread, breakfast cereals, meats (general), fresh fish, olive oil, fresh vegetables, preserved or processed vegetables, sugar-chocolates-sweets-ice cream , mineral water-soft drinks-fruit juices. Part of this increase was offset by the decrease in prices mainly in: flour and other cereals, dairy and eggs, other edible oils, fresh fruit, potatoes, other food.
- 0.8% in the group Alcoholic beverages and tobacco, due mainly to an increase in prices of alcoholic beverages (not served).
- 4.3% in the Clothing and Footwear group, due to price increases in clothing and footwear.
- 2.4% in the Housing group, mainly due to price increases in: house rents, house repair and maintenance, natural gas, heating oil. Part of this increase was offset by the reduction of prices mainly in: municipal fees, electricity.
- 1.9% in the Health group, mainly due to price increases in: pharmaceutical products, medical-dental and paramedical services, hospital care.
- 3.5% in the Transportation group, due mainly to price increases in: new cars, auto parts and accessories, fuel and lubricants, maintenance and repair of personal transportation equipment, other services related to personal transportation, air passenger tickets. Part of this increase was offset by the decrease in prices mainly in used cars.
- 1.7% in the Leisure-Cultural activities group, due to price increases mainly in: information processing equipment, small leisure items-flowers-pets, entertainment and cultural services, newspapers-books and stationery, package holidays. Part of this increase was offset by a decrease in prices mainly in audio and video processing equipment.
- 3.5% in the Education group, due mainly to price increases in: pre-school and primary education fees, secondary education fees, tertiary education fees.
- 6.7% in the Hotels-Cafes-Restaurants group, mainly due to an increase in prices in: restaurants-patisseries-cafes-canteens, hotels-motels-inns.
- 2.0% in the Other goods and services group, mainly due to price increases in: hair salons and personal care stores, other personal items, health insurance premiums, vehicle insurance premiums. Part of this increase was offset by the decrease in prices mainly in other types of personal care.
- Of the reductions in indicators by:
- 0.2% in the group Durable goods-Household goods and services, mainly due to a decrease in prices of goods of immediate household consumption. Part of this decrease was compensated by the increase in prices mainly in household services.
- 0.3% in the Communications group, mainly due to a decrease in prices for telephone services.
#Inflation #July
