In March 2022 the Consumer Price Index increased by 2.5 percent compared to the previous month, while the annual inflation rate amounted to 11.8 percent, National Statistics Office reports.

According to Geostat, with regard to the annual core inflation, the prices increased by 5.3 percent, while the annual core inflation without tobacco2 amounted to 6.0 percent.

"The monthly inflation rate was mainly influenced by price changes for the following groups:

Transport: the prices increased by 8.9 percent, contributing 1.03 percentage points to the monthly inflation rate. Within the group the prices increased for operation of personal transport equipment (11.9 percent), transport services (3.3 percent) and purchase of vehicles (1.3 percent);

Food and non-alcoholic beverages: the prices for the group increased by 2.0 percent, contributing 0.68 percentage points to the overall monthly index change. The prices were higher for the following subgroups: sugar, jam, honey, chocolate and confectionery (6.6 percent), fruit and grapes (5.0 percent), coffee, tea and cocoa (4.3 percent), oils and fats (3.4 percent), bread and cereals (3.1 percent), mineral waters, soft drinks, fruit and vegetable juices (2.1 percent), meat (1.7 percent), milk, cheese and eggs (1.4 percent). In the same period the prices were lower for vegetables (-4.0 percent).

The annual inflation rate was mainly influenced by price changes for the following groups:

Food and non-alcoholic beverages: the prices in the group increased by 17.8 percent, contributing 5.69 percentage points to the overall annual inflation rate. Within the group the prices increased for the following subgroups: vegetables (27.0 percent), mineral waters, soft drinks, fruit and vegetable juices (24.6 percent), bread and cereals (23.5 percent), sugar, jam, honey, chocolate and confectionery (20.0 percent), fish (19.0 percent), oils and fats (17.1 percent), fruit and grapes (16.8 percent), milk, cheese and eggs (15.3 percent), coffee, tea and cocoa (14.1 percent), meat (10.5 percent);

Transport: the prices increased by 21.6 percent, contributing 2.6 percentage points to the annual inflation rate. Within the group the prices increased for operation of personal transport equipment (29.5 percent), transport services (6.1 percent) and purchase of vehicles (3.8 percent);

Housing, water, electricity, gas and other fuels: the prices for the group posted an 8.4 percent increase, which contributed 0.85 percentage points to the annual inflation rate. The prices were higher for the following subgroups: maintenance and repair of the dwelling (12.9 percent), electricity, gas and other fuels (11.3 percent) and actual rentals for housing (2.4 percent)," reads the report.

source: IPN