The average annual inflation for the previous year compared to the previous one was 2.1%. For comparison, the average annual inflation rate in 2016 was negative (-0.8%).
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Of these, it is evident that in the month with the most holiday days the prices of air tickets drastically increased – by over 30% and in hotels in holiday centers and resorts – by 17.2%.
Besides celebrations, the rise of oil prices on the world commodity markets is another reason for rising prices. In December, fuel prices rose, with diesel 1.6%, motor gasoline A95H – 1.3%, gasoline A98H – 1.1% and LPG propane-butane 1.7%.
For heating fuels, the growth is 1.1% for gaseous and 1.3% for liquid. Water, sewerage and water purification services have also risen by 1.3%, 4.8% and 0.5%, respectively. Of the consumer groups, the highest growth rates were recorded in the entertainment and culture sector – 3.3%, followed by transport by 1.9% and restaurants and hotels by 1.1%.
In December compared to November, food and non-alcoholic beverages fell by 0.2%, alcohol and cigarettes remained unchanged and housing, overhead and fuel costs increased by 0.2% on average. In December, the biggest price drop was recorded in shoes and clothing – 0.6%, due to the holiday discounts.
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