Published on: 10 November 2020

Prices rose by 0.2% compared to September and by 3.0% compared to the same period of the previous year

The annual rate of increase of consumer prices slowed down to 3.0% in October 2020. The lower price dynamics were mostly due to more moderate annual price rises for food, alcoholic beverages and tobacco than in September as well as to the price decrease of motor fuels. Consumer prices rose by 0.2% on average in one month, compared to September.

In 12 months, compared to October 2019:

Food prices went up by 6.5%, within which the price of seasonal food items (potatoes, fresh vegetables and fresh domestic and tropical fruits together) became 15.7%, that of other meat preparations 13.4%, sugar prices 11.6%, the price of flour 11.0% and that of meals at canteens 9.3% higher. Alcoholic beverages and tobacco became an average 6.1%, within which tobacco 9.3% more expensive. Consumers paid 2.4% more for services and 5.3% less for motor fuels.

In one month, compared to September 2020:

Consumer prices rose by 0.2% on average. Food prices were unchanged on average, however, pasta products became 2.6%, edible oil 2.3%, sugar 0.7% and cheese 0.5% more expensive. The price of rolls became 1.0% and that of seasonal food items (potatoes, fresh vegetables and fruits) 1.6% lower, while food prices excluding the latter 0.2% higher on average. Clothing and footwear cost 1.0% more for consumers owing to seasonal changes. Alcoholic beverages and tobacco prices increased by 1.0% on average, within which tobacco prices by 1.6%. 0.2% less was charged for motor fuels. The price of services lessened by 0.1%, mostly due to a 1.3% cut in telephone and internet services prices.

In January–October 2020 compared to the same period of the previous year:

Consumer prices were up by 3.5% for all households on average and by 3.9% among pensioner households.

Consumer price indices, October 2020

(%)

Denomination Previous month = 100.0 Corresponding month of previous year = 100.0
Consumer price index100.2103.0
Harmonised index of consumer prices100.2103.0
Core inflation (original, seasonally unadjusted)a)100.4103.8
Consumer price index for pensioners100.2103.4

a) Seasonally adjusted indices are available in Table 3.6.6 in the Summary tables (STADAT).