Annual inflation declined by 1%, now stands at 17.6%

13:16, 15.11.2022
Annual inflation declined by 1%, now stands at 17.6%

Annual inflation in October declined by 1.1%, according to the National Statistical Institute.

Its level was 17.6% against 18.7% in September.

In October 2022, compared to the previous month, the largest price increase was in the groups:

  • Clothing and footwear (+7.0%)
  • Entertainment & Culture (+2.7%)
  • Food and non-alcoholic beverages (+2.3%)

Price decreases were recorded in the groups:

  • Housing
  • Water
  • Electricity
  • Gas and other fuels (-2.1%)
  • Transport (-1.4%) and Communications (-0.1%)

Year-to-date inflation (October 2022 compared to December 2021) is 15.0%.

According to the small basket price index, October 2022 saw a 1.9% month-on-month increase and a 19.7% year-to-date (October 2022 compared to December 2021) increase.

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

  • Non-food goods - 3% increase
  • Food products - increase of 2%
  • Services - 0.1% increase

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