Inflation In November Was 0.5%

The consumer price index in November 2019 was 100.5% compared to October 2019, i.e. the monthly inflation was 0.5%, the National Statistical Institute said in a press release. The inflation rate since the beginning of the year (November 2019 compared to December 2018) has been 3.1%, and the annual inflation in November 2019 was 3.0% compared to November 2018. The annual average inflation over the last 12 months (December 2018 – November 2019) compared to the previous 12 months (December 2017 – November 2018) was 3.0%.

In November 2019 compared to the previous month, the prices of goods and services in the main consumer groups changed as follows:
•Food and non-alcoholic beverages – an increase of 1.1%;
•Alcoholic beverages and tobacco – an increase of 0.1%;
•Clothing and footwear – an increase of 0.7%;
•Housing, water, electricity, gas and other fuels – an increase of 0.2%;
•Furnishings, household equipment and routine maintenance of the house – a decrease of 0.3%.
•Health – an increase of 0.2%;
•Transport – the prices remained at the level of the previous month;
•Communications – an increase of 0.1%;
•Recreation and culture – an increase of 1.1%;
•Education – an increase of 0.1%;
•Restaurants and hotels – an increase of 0.6%;
•Miscellaneous goods and service – an increase of 0.1%.

The harmonised index of consumer prices (HICP)in November 2019 compared to October 2019 was 100.3%, i.e. the monthly inflation was 0.3%. The inflation rate since the beginning of the year (November 2019 compared to December 2018) has been 2.3% and the annual inflation in November 2019 compared to November 2018 was 2.2%.The annual average inflation, measured by HICP, in the last 12 months (December 2018 – November 2019) compared to the previous 12 months (December 2017 – November 2018) was 2.4%.

In terms of HICP, in November 2019 compared to the previous month the prices of goods and services in the main consumer groups changed as follows:
•Food and non-alcoholic beverages – an increase of 1.0%;
•Alcoholic beverages and tobacco – an increase of 0.1%;
•Clothing and footwear – an increase of 0.5%;
•Housing, water, electricity, gas and other fuels – an increase of 0.2%;
•Furnishings, household equipment and routine maintenance of the house – a decrease of 0.3%;
•Health – an increase of 0.1%;
•Transport – a decrease of 0.3%;
•Communications – an increase of 0.1%;
•Recreation and culture – an increase of 0.5%;
•Education – an increase of 0.1%;
•Restaurants and hotels – an increase of 0.5%;
•Miscellaneous goods and service – an increase of 0.3%. 

The price index of a small basket (PISB) in November 2019 compared to October 2019 was 100. 7% and the overall increase since the beginning of the year (November 2019 compared to December 2018) has been 104.0%. In November 2019 compared to the previous month the prices of goods and services in the small basket for the 20% households with the lowest income changed as follows:
•Food products – an increase of 1.2%;
•Non-food products – an increase of 0.2%;

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