In August, the Consumer Price Index increased by 0.30 units and reached 100.32 from 100.02 units in July 2019. Compared to August 2018, the CPI decreased by 0.7%.

The decline was mainly driven by price reductions in the food and non-alcoholic beverages category with -3.2% followed by transport -2.94% and communication with -2.21%.

Since August 2018 the largest change in economic origin was recorded in Petroleum products (-7.9%), while for the previous month, the biggest change was in electricity -5.9%.

Annual price increases were recorded in education at 1.86%, while the inflation rate in household furniture equipment and supplies rose to 1.44%, followed by restaurants and hotels 1.24%. Prices in water electricity and gas rose by 1.23%.

In the period from September 2018 to August 2019, compared to the period from September 2017 to August 2018, the annual average rate of change of the CPI stood at 1.3%, while during the corresponding previous twelve-month period the CPI increased by 0.5%.

Source: Financial Mirror