August CPI marginally up, +1.5% year-on-year

The Consumer Price Index (CPI) increased marginally in August to 118.0 points, up 0.31% from 117.73 in July, with the rate of inflation of cost of consumer goods and services rising 1.5% year on year and by 2.04% in January-August, compared to the same period last year.

The statistical service Cystat said the largest positive change when compared to the index of August 2023 as well as the index of the previous month was in Agricultural goods with 6.8% and 4.5%, respectively.

Compared to August 2023, the largest change was in the categories Restaurants and Hotels (5.6%) and Food and Non-Alcoholic Beverages (3.4%).

Compared to the July CPI, the largest change was noted in Food and Non-Alcoholic Beverages (1.7%), the Cystat report said.

For the January-August period, compared to the corresponding period of the previous year, the largest changes were in Restaurants and Hotels (5.7%) and Miscellaneous Goods and Services (3.3%).

Compared to the Index of August 2023, the categories Food and Non-Alcoholic Beverages (0.79) and Restaurants and Hotels (0.58) had the largest positive effect on the change of the CPI.

The largest negative effect on the change of the CPI, compared to August 2023, was in Transport (-0.40).

The largest effect on the change of the CPI, compared to the index of the previous month, was in Food and Non-Alcoholic Beverages (0.41).

Catering services (0.56) and Fresh vegetables (0.40) had the most notable effect on the change of the CPI of August 2024 compared to August 2023.

Finally, Fresh vegetables (0.51) had the largest positive effect on the change of the CPI of August 2024 compared to the index of the previous month, whereas the largest negative effect was in Petroleum products (-0.53).