Annual inflation reached almost 18% for August

15.09.2022

ANNUAL INFLATION REACHED ALMOST 18% FOR AUGUST

Monthly inflation is 1.2% and annual inflation is 17.7%. This is shown by the official data of the National Statistical Institute. Inflation is measured by the Consumer Price Index, with monthly inflation for August 2022 compared to the previous month and annual inflation for August 2022 compared to the same month of the previous year.

In August 2022, compared to the previous month, the largest price increase was in the groups: housing, water, electricity, gas and other fuels (+5.2%), various goods and services (+2.3%) and home furnishings, household appliances and accessories and usual home maintenance (+1.8%). A decrease in prices was registered in the transport (-3.8%) and clothing and footwear (-2.3%) groups.

Consumer Price Index

In August 2022, the monthly inflation was 1.2% compared to the previous month, and the annual inflation for August 2022 compared to August 2021 was 17.7%.

Year-to-date inflation (August 2022 vs. December 2021) is 12.6%, and average annual inflation for the period September 2021 - August 2022 vs. September 2020 - August 2021 is 11.7%.

In August 2022, compared to the previous month, the prices of goods and services in the following consumer groups increased as follows:

  • housing, water, electricity, gas and other fuels - increase by 5.2%;
  • various goods and services - increase by 2.3%;
  • home furnishings, household appliances and accessories and usual home maintenance - increase by 1.8%;
  • food products and soft drinks - increase by 1.2%;
  • entertainment and culture - increase by 1.0%;
  • restaurants and hotels - increase by 0.7%;
  • messages - increase by 0.7%;
  • alcoholic beverages and tobacco products - increase by 0.3%;
  • healthcare - increase by 0.1%.

In August 2022, compared to the previous month, the prices of goods and services in the following consumer groups decreased as follows:

  • transport - decrease by 3.8%;
  • clothing and shoes - decrease by 2.3%.

The prices of products in the "Education" group remain at the level of the previous month.

In August 2022, the prices of the following food products increased: cucumbers - by 10.6%, apples - by 7.0%, leafy vegetables - by 5.0%, margarine - by 4.6%, ripe onions - by 4.0%, full-fat fresh milk - by 3.9%, eggs - by 3.7%, low-fat fresh milk - by 3.7%, yogurt - by 3.6%, sugar - by 3.5%, short-lived sausages - by 3.4%, dairy oils - by 3.1%, mushrooms - by 3.0% , cheese - by 3.0%, pasta - by 2.8%, pork - by 2.8%, salt - by 2.7%, coffee - by 2.7%, citrus and southern fruits - by 2.2%, fresh and chilled fish - by 2.2% , fresh vegetable spices - by 1.8%, cottage cheese - by 1.7%, beef meat - by 1.7%, lentils - by 1.5%, chocolate and chocolate products - by 1.5%, mineral waters - by 1.4%, fruit juices - by 1.4%, tea - by 1.3%, beer - by 1.3%, poultry meat - by 1.3%, pepper - by 1.3%, minced meat - by 1.2%, rice - by 1.2%, cabbage - by 1.0%, durable sausages - by 0.8%, cheese - by 0.6%, wines - by 0.3%, and others.

In August 2022, the prices of the following food products decreased: tomatoes - by 6.8%, root vegetables (carrots and beets) - by 5.4%, ripe garlic - by 4.5%, other fresh vegetables (green beans, zucchini and eggplants ) - by 4.4%, watermelons and melons - by 3.7%, potatoes - by 2.9%, ice cream - by 2.5%, flour - by 2.4%, peaches and apricots - by 2.3%, oil - by 2.2%, bread "Dobrudja" - by 2.1%, white bread - by 2.0%, type and rye bread - by 1.8%, ripe beans - by 0.8%, olives - by 0.7%, vinegar - by 0.6%, carbonated drinks - by 0.5%, brandies - by 0.2%, and others.

During the month under consideration, in the groups of non-food goods and services, an increase in prices was registered for: central gas supply - by 50.6%, methane for light goods vehicles - by 39.1%, letter processing services - by 13.6%, wood for heating - by 8.5 %, pellets - by 5.9%, water supply - by 5.3%, collection, removal and treatment of waste water - by 5.0%, products and preparations for cleaning and maintaining the home - by 4.3%, coal - by 4.0%, personal care products hygiene and cosmetics - by 3.6%, package services for holidays and tourist trips abroad - by 2.9%, ongoing repair and maintenance of housing - by 2.1%, educational literature - by 2.1%, hotel accommodation - by 1.4%, passenger car transport - by 1.3%, other postal services (courier services) - by 1.3%, horticulture and floriculture - by 0.8%, catering services - by 0.8%, spare parts for LTS - by 0.8%, motor and lubricating oils - by 0.7%, refrigerators - by 0.5%, barber and hairdressing services - by 0.5%, air conditioning systems - by 0. 5%, and others.

In August 2022, in the groups of non-food goods and services, a price reduction was registered for: propane-butane gas for light vehicles - by 17.9%, motor gasoline A95N - by 6.9%, diesel fuel - by 6.8%, motor gasoline A100N - by 3.9%, shoes - by 3.7%, car insurance - by 1.9%, clothing - by 1.6%, cooking stoves - by 1.5%, laptops - by 1.4%, gaseous fuels for household needs - by 1.0%, televisions - by 0.8%, washing machines and dishwashers - by 0.5%, desktop personal computers - by 0.1%, and others.

In August 2022, the prices of medical and dental services increased by 0.6% and 0.1%, respectively, and the prices of medicinal products remained at the level of the previous month.

Harmonized Index of Consumer Prices

According to the Harmonized Index of Consumer Prices in August 2022, the monthly inflation was 0.8% compared to the previous month, and the annual inflation for August 2022 compared to August 2021 was 15.0%.

Year-to-date inflation (August 2022 vs. December 2021) is 11.2%, and average annual inflation for September 2021 - August 2022 vs. September 2020 - August 2021 is 9.9%.

According to the Harmonized Index of Consumer Prices in August 2022, compared to the previous month, the prices of goods and services in the following consumer groups increased as follows:

  • housing, water, electricity, gas and other fuels - increase by 5.5%;
  • home furnishings, household appliances and accessories and usual home maintenance - increase by 1.5%;
  • various goods and services - increase by 1.3%;
  • food products and soft drinks - increase by 1.2%;
  • messages - increase by 0.7%;
  • entertainment and culture - increase by 0.7%;
  • restaurants and hotels - increase by 0.5%;
  • alcoholic beverages and tobacco products - increase by 0.3%;
  • healthcare - increase by 0.1%.

According to the Harmonized Index of Consumer Prices, in August 2022, compared to the previous month, the prices of goods and services in the following consumer groups decreased as follows:

  • transport - decrease by 2.6%;
  • clothing and shoes - decrease by 1.8%.

The prices of products in the "Education" group remain at the level of the previous month.

Price index for the small basket

According to the price index for the small basket, in August 2022 an increase of 1.7% was recorded on a monthly basis and by 14.1% since the beginning of the year (August 2022 compared to December 2021).

In August 2022, the prices of goods and services from the small basket for the lowest 20% of households have changed from the previous month as follows:

  • food products - increase by 1.2%;
  • non-food goods - increase by 3.2%;
  • services - increase by 1.0%.