The CPI in August 2024 compared with July 2024, increased by 0.3%. In August 2023, the CPI compared with July 2023 remained unchanged.
According to ELSTAT, the average CPI for the twelve - month period from September 2023 to August 2024, compared with the corresponding index for the period September 2022 to August 2023 increased by 2.9%.
The annual rate of change of the average CPI between the twelve - month
period September 2022 to August 2023 in comparison to the period September 2021 to August 2022 was 5.5%.
The 0.3% increase of the Overall CPI in August 2024, compared with the corresponding index in July 2024 is, mainly, due to the changes in the groups of goods and services as follows:
1. An increase of:
- 0.2% in the group Food and non-alcoholic beverages, due to the increase, mainly, in the prices of: fresh fish, cheese, fresh fruit, fresh vegetables. This increase was partly offset by the decrease, mainly, in the prices of: bread and cereals, poultry, yoghurt, olive oil.
- 2.8% in the group Housing, due to the increase, mainly, in the prices of: rentals for dwellings, repair and maintenance of the dwelling, electricity.
- 1.4% in the group Health, due to the increase, mainly, in the prices of pharmaceutical products.
- 0.3% in the group Communication, due to the increase, mainly, in the prices of telephone services.
- 0.1% in the group Hotel-Cafés-Restaurants, due to the increase, mainly, in the prices of: restaurants-confectioneries-cafesbuffets. This increase was partly offset by the decrease, mainly, in the prices of hotels-motels-inns.
- 1.1% in the group Miscellaneous goods and services, due to the increase, mainly, in the prices of other appliances and articles for personal care.
2. A decrease of:
- 0.3% in the group Alcoholic beverages and tobacco, due to the decrease, mainly, in the prices of alcoholic beverages (not served).
- 4.6% in the group Clothing and footwear, due to the period of summer sales.
- 0.3% in the group Household equipment, due to the decrease, mainly, in the prices of non-durable household articles.
- 0.8% in the group Transport, due to the decrease, mainly, in the prices of fuels and lubricants.
