Inflation rose to 3.2% in March 2024-04-11 19:38:41

It is noted that based on Eurostat’s harmonized index of consumer prices, inflation rose to 3.4% from 3.1% in February.

The General Consumer Price Index during the month of March 2024, compared to February 2024, showed an increase of 1.5%, against an increase of 1.2% recorded during the corresponding comparison of the previous year.

The average CPI for the twelve months April 2023 – March 2024, compared to the corresponding Index for the twelve months April 2022 – March 2023, showed an increase of 2.8%, compared to an increase of 9.2% recorded during the corresponding comparison of the twelve months April 2022 – March 2023 with the twelve months of April 2021 – March 2022.

The increase of the General CPI by 3.2% in the month of March 2024, compared to the corresponding Index of March 2023, mainly came from the changes in the following groups of goods and services:

1. From the increases of the indicators by:

• 5.3% in the Diet and non-alcoholic beverages group, mainly due to price increases in: bread and cereals, meat (general), fish (general), olive oil, fruit (general), vegetables (general), sugar-chocolate-sweets-ice cream, other food, mineral water-soft drinks- fruit juices. Part of this increase was offset by the decrease in prices mainly in dairy and eggs.

• 1.8% in the Alcoholic beverages and tobacco groupmainly due to an increase in the prices of alcoholic beverages (not served).

• 5.8% in the Clothing and footwear groupdue to price increases in clothing and footwear.

• 0.6% in the Housing group, mainly due to price increases in: house rents, house repair and maintenance, heating oil, solid fuels. Part of this increase was compensated by the decrease in prices mainly in: electricity, natural gas.

• 4.4% in the Health groupmainly due to price increases in: pharmaceutical products, medical-dental and paramedical services, hospital care.• 2.0% in the Transport group, mainly due to price increases in: new cars, used cars, car parts and accessories, fuel and lubricants, maintenance and repair of personal transport equipment, air passenger tickets.

• 3.3% in the Leisure-Cultural activities group, mainly due to price increase in: information processing equipment, small leisure items-flowers-pets, sports and leisure activities, cinemas-theatres, package holidays.

• 3.5% in the Education group, mainly due to price increases in: pre-school and primary education fees, secondary education fees, tertiary education fees.

• 6.4% in the Hotels-Cafes-Restaurants group, mainly due to an increase in prices in: restaurants-patisseries-cafes-canteens, hotels-motels-inns.

• 1.3% 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.

2. From the reductions of the indicators by:

• 1.8% in the Communications groupmainly due to a reduction in the prices of telephone services.

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