Official Figures Show 4.6% Annual Inflation Rate

Consumer prices were 4.6% higher on average in July 2021 than a year earlier, according to the Central Statistical Office. Significant price rises were measured over the last 12 months for alcoholic beverages and tobacco as well as motor fuels. In one month, consumer prices were up by 0.5% on average.

In the past 12 months, compared to July 2020:

• Food prices were up by 3.1%, within which the price of edible oil by 27.5%, that of canteen meals by 8.4%, margarine prices by 8.0%, the price of poultry meat by 7.7%, that of buffet products by 7.3%, flour prices by 7.2% and the price of restaurant meals by 6.2%.
• Alcoholic beverages and tobacco prices rose by 11.1% on average, within which tobacco prices by 18.1%. - Consumers paid 3.8% more for consumer durables, within which living and dining room furniture cost 10.7%, kitchen and other furniture 8.4% and new passenger cars 7.5% more for consumers.
• Motor fuel prices became 19.8% and the price of household repair and maintenance goods 11.9% higher. - Services became 2.9%, within which the repair and maintenance of dwellings 11.3% and recreational services 7.6% more expensive.