In June 2024 the Consumer Price Index decreased by 0.5 percent compared to the previous month, while the annual inflation rate amounted to 2.2 percent, the National Statistics Service (GeoStat) reported.

As for the annual core inflation, the prices increased by 1.4 percent, while the annual core inflation without tobacco also amounted to 1.4 percent.

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

Food and non-alcoholic beverages: the prices for the group decreased by 2.0 percent, contributing -0.65 percentage points to the overall monthly inflation rate.

The prices decreased for the following subgroups: vegetables (-14.7 percent), fruit and grapes (-6.0 percent), meat (-0.6 percent), bread and cereals (-0.6 percent). At the same time, prices increased for oils and fats (2.3 percent), fish (1.0 percent), coffee, tea and cocoa (0.5 percent), milk, cheese and eggs (0.5 percent); Alcoholic beverages and tobacco: the prices increased by 0.9 percent, contributing 0.06 percentage points to the overall monthly inflation rate. Within the group, the prices were higher for both alcoholic beverages (1.3 percent) and tobacco (0.2 percent); Restaurants and hotels: the prices for the group posted a 1.3 percent increase, with the relevant contribution of 0.05 percentage points to the monthly inflation rate. Within the group, the prices were higher for both accommodation services (3.8 percent) and catering services (0.8 percent).

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

Transport: the prices for the group increased by 11.0 percent, contributing 1.31 percentage points to the overall index. Within the group the prices increased for operation of personal transport equipment (15.1 percent), purchase of vehicles (4.9 percent) and transport services (4.7 percent); Food and non-alcoholic beverages: the prices in the group increased by 1.9 percent, contributing 0.63 percentage points to the overall annual inflation rate. Within the group, the prices increased for the following subgroups: fruit and grapes (30.1 percent), vegetables (10.2 percent), mineral waters, soft drinks, fruit and vegetable juices (3.7 percent), sugar, jam, honey, chocolate and confectionery (2.5 percent), coffee, tea and cocoa (2.4 percent), meat (1.0 percent).

At the same time, the prices decreased for the following subgroups: oils and fats (-8.5 percent), bread and cereals (-3.0 percent), fish (-1.9 percent); Restaurants and hotels: the prices went up by 7.5 percent, contributing 0.25 percentage points to the overall annual inflation rate.

The prices in the group increased for catering services (7.7 percent) and accommodation services (6.5 percent); Alcoholic beverages and tobacco: the prices increased by 3.4 percent, with the relevant contribution of 0.23 percentage points to the overall annual inflation rate. The prices increased for both alcoholic beverages (4.3 percent) and tobacco (2.3 percent).