At a rate of 2.4% ran inflation in November 2024 compared to the corresponding month last year, according to the data published today (10.12.24) by ELSTAT, while there was a drop prices 0.7% in food items compared to October 2024.
It is noted in relation to the course of inflation, especially in food, that November was the first month in which the list of reduced prices of products (food items, detergents, etc.) sold in supermarkets was implemented, on the initiative of the Ministry of Development .
In more detail, according to ELSTAT’s data, from the comparison of the General CPI of November 2024 with the corresponding Index of November 2023, an increase of 2.4% emerged against a 3.0% increase noted during the corresponding comparison of the year 2023 with 2022.
The General CPI during the month of November 2024, compared to October 2024, showed a decrease of 0.4%, against a decrease of 0.4% also noted during the corresponding comparison of the previous year.
The average CPI for the twelve months of December 2023 – November 2024, compared to the corresponding Index for the twelve months of December 2022 – November 2023, showed an increase of 2.8%, compared to an increase of 3.8% recorded during the corresponding comparison of the twelve months of December 2022 – November 2023 with the twelve months of December 2021 – November 2022.
Comparison of November 2024 with October 2024
The decrease of the General CPI by 0.4% in the month of November 2024, compared to the corresponding Index of October 2024, mainly came from the changes in the following groups of goods and services:
From the reductions of the indicators
By:
- 0.7% in the group Food and non-alcoholic beverages, mainly due to a decrease in prices in: pasta, poultry, fresh fish, oils and fats, fresh fruit, fresh vegetables. Part of this decrease was compensated by the increase in prices mainly in cheeses.
- 0.6% in the Housing group, mainly due to a decrease in electricity prices. Part of this decrease was offset by the increase in prices mainly in: house rents, natural gas.
- 0.3% in the group Durable goods – Household goods and services, mainly due to a decrease in prices of household appliances and repairs.
- 0.2% in the Transportation group, mainly due to a decrease in prices for air passenger tickets. Part of this reduction was offset by the increase in prices mainly for fuel and lubricants.
- 0.3% in the Leisure-Cultural activities group, mainly due to a decrease in prices in audio-visual equipment – computers – repairs.
- 0.7% in the group Hotels – Cafes – Restaurants, mainly due to a decrease in prices in hotels – motels – inns. Part of this reduction was offset by the increase in prices mainly in restaurants – patisseries – cafes – canteens.
- 0.3% in the Other goods and services group, mainly due to a decrease in prices in other items of personal care.
From the increases of the indicators
By 0.2% in the Clothing and Footwear group, due to price increases in clothing and footwear.
Comparison of November 2024 with November 2023
The increase of the General CPI by 2.4% in the month of November 2024, compared to the corresponding Index of November 2023, came mainly from the changes in the following groups of goods and services:
From the increases of the indicators
By:
- 0.6% in the group Food and non-alcoholic beverages, mainly due to price increases in: bread, breakfast cereals, beef, fresh fish, olive oil, dried fruits and nuts, vegetables (general), sugar – chocolates – sweets, ice cream , mineral water – soft drinks – fruit juices. Part of this increase was offset by a decrease in prices mainly in: other bakery and confectionery products, pizzas and pies, pasta, poultry, dairy and eggs, other edible oils, fresh fruit.
- 1.0% in the group Alcoholic beverages and tobacco, due mainly to an increase in prices of alcoholic beverages (not served).
- 7.2% in the Clothing and Footwear group, due to price increases in clothing and footwear.
- 2.1% in the Housing group, mainly due to price increases in: house rents, house repair and maintenance, electricity. Part of this increase was offset by the decrease in prices mainly in: heating oil, solid fuels.
- 3.6% in the Health group, due mainly to price increases in: pharmaceutical products, medical products, medical, dental and paramedical services, hospital care.
- 1.7% in the Transportation group, mainly due to price increases in: new cars, maintenance and repair of personal transportation equipment, air passenger tickets. Part of this increase was offset by lower prices mainly in: used cars, fuel and lubricants
- 1.6% in the Communications group, mainly due to an increase in the prices of telephone services.
- 1.4% in the group Leisure – Cultural activities, due to price increases mainly in: information processing equipment, small leisure items – flowers – pets, entertainment and cultural services, newspapers-books and stationery, package holidays. Part of this increase was offset by a decrease in prices mainly in: audio and video processing equipment, leisure and cultural durables.
- 2.6% in the Education group, mainly due to price increases in: preschool and primary education fees, secondary education fees.
- 6.0% in the Hotels-Cafes-Restaurants group, mainly due to an increase in prices in: restaurants – patisseries – cafes, canteens, hotels – motels – inns.
- 2.2% in the Other goods and services group, mainly due to price increases in: hairdressers and personal care stores, other personal items, social protection services, health insurance premiums, vehicle insurance premiums. Part of this increase was offset by the decrease in prices mainly in other types of personal care.
From the reductions of the indicators
By 0.1% in the group Durable goods – Household items and services, mainly due to a decrease in prices of items of immediate household consumption. Part of this decrease was offset by the increase in prices mainly in: furniture and decorative items, household appliances and repairs, household services.