In June, inflation in our country peaked at 3.74 percent. Last month there was already a small reduction to 3.64 percent, but this month’s reduction is much greater. Inflation is now at 2.86 percent. The European Central Bank is targeting an inflation rate of around 2 percent.
The low food inflation is particularly striking. This fell to 0.04 percent this month, compared to 0.54 percent last month. Right now food is hardly more expensive than it was 1 year ago. In March this year, food inflation peaked at 17 percent.
The health index – which is used, among other things, in calculating the wage index, social benefits and rent – fell from 3.60 percent to 3.20 percent.
The most significant price increases in August were for tobacco, private rentals, non-alcoholic beverages, hotel rooms, clothing and restaurants and cafes. On the other hand, motor fuel, household appliances, flowers and plants, vegetables and natural gas became cheaper this month, said Statbel.
2024-08-29 10:33:39
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