Consumer prices remained stable in November
09.01.2019 - The consumer price index (CPI) fell by 0.3% in December 2018 compared with the previous month, reaching 101.5 points (December 2015 = 100). Inflation was 0.7% compared with the same month of the previous year. The average annual inflation reached 0.9% in 2018. These are the results of the Federal Statistical Office (FSO).
The average annual inflation for 2018 corresponds to the rate of change between the annual average of the CPI for 2018 and that for 2017. The annual average is equal to the arithmetic mean of the 12 monthly indices of the calendar year. The average annual inflation reached 0.9% in 2018. This increase is due in particular to higher prices for petroleum products and increased housing rentals. Prices for domestic products increased by 0.4% on average, those for imported products by 2.4%. The average annual inflation reached 0.5% in 2017 and –0.4% in 2016.
The 0.3% decrease in the CPI compared with the previous month can be explained by several factors including falling prices for heating oil and fuel. In contrast, prices for overnight stays in hotels and new cars increased.
You will find further information such as tables and graphs in the press release below.
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