At the same time, the General CPI during the month of February 2024, compared to January 2024, showed an increase of 0.1%, against an increase of 0.3% noted during the corresponding comparison of the previous year.
The average CPI for the twelve months of March 2023 – February 2024, compared to the corresponding Index for the twelve months of March 2022 – February 2023, showed an increase of 2.9%, against an increase of 9.6% recorded during the corresponding comparison of the twelve months of March 2022 – February 2023 with the twelve months of March 2021 – February 2022.
The increase of the General CPI by 2.9% in the month of February 2024, compared to the corresponding Index of February 2023, came mainly from the changes in the following groups of goods and services:
1. From the increases of the indicators by:
- • 6.7% in the group Food and non-alcoholic beverages, due to price increases mainly in: bread and cereals, meats (general), fish (general), olive oil, fruits (general), vegetables (general), sugar-chocolates- sweets-ice creams, other foods, coffee-cocoa-tea, mineral water-soft drinks-fruit juices. Part of this increase was offset by the decrease in prices mainly in dairy and eggs.
- • 2.4% in the group Alcoholic beverages and tobacco, mainly due to an increase in prices of alcoholic beverages (not served). • 1.3% in the Clothing and footwear group, due to price increases in clothing and footwear.
- • 1.6% in the group Durable goods-Household goods and services, mainly due to price increases in: furniture and decorations, household goods, household services.
- • 3.5% in the Health group, mainly due to price increases in: pharmaceutical products, medical-dental and paramedical services, hospital care. Part of this increase was offset by the decrease in prices mainly in medical products.
- • 0.5% in the Transportation group, mainly due to price increases in: new cars, used cars, car parts and accessories, maintenance and repair of personal transportation equipment. Part of this increase was offset by the decrease in prices mainly in fuel and lubricants, air passenger tickets.
- • 2.9% in the Leisure-Cultural activities group, mainly due to price increases in: information processing equipment, small leisure items-flowers-pets, cinemas-theatres, package holidays.
- • 3.5% in the Education group, mainly due to price increases in: preschool and primary education fees, secondary education fees, tertiary education fees.
- • 6.5% in the Hotels-Cafes-Restaurants group, mainly due to an increase in prices in: restaurants-patisseries-cafes-canteens, hotels-motels-inns.
- • 1.7% in the Other goods and services group, mainly due to price increases in: hair salons and personal care stores, health insurance premiums, vehicle insurance premiums. Part of this increase was offset by the decrease in prices mainly in other types of personal care.
2. From the reductions of the indicators by:
- • 0.3% in the Housing group, mainly due to a decrease in prices in: electricity, natural gas. Part of this decrease was offset by the increase in prices mainly in: house rents, house repair and maintenance, heating oil, solid fuels.
- • 1.9% in the Communications group, mainly due to a decrease in prices for telephone services.
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#Inflation #dropped #February