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National Statistical Institute: March – another month of deflation


Consumer price index (CPI)

The consumer price index in March 2014 compared to February 2014 was 99.8%, i.e. the monthly inflation was -0.2%. The inflation rate since the beginning of the year (March 2014 compared to December 2013) was -0.8% and the annual inflation in March 2014 compared to March 2013 was -2.3%.

The annual average inflation, measured by CPI, in the last 12 months (April 2013 - March 2014) compared to the previous 12 months (April 2012 - March 2013) was -0.6%.

In March 2014 compared to the previous month the prices of goods and services in the main consumer groups have changed as follows:

  • Food and non-alcoholic beverages - a decrease of 0.3%;
  • Alcoholic beverages and tobacco - an increase of 0.1%;
  • Clothing and footwear - a decrease of 0.7%;
  • Housing (rentals, maintenance and repair), water, electricity, gas and other fuels - the prices remained at the level of the previous month;
  • Furnishings, household equipment and routine maintenance of the house - an increase of 0.1%;
  • Health - the prices remained at the level of the previous month;
  • Transport - a decrease of 0.6%;
  • Communications - an increase of 0.1%;
  • Recreation and culture - a decrease of 1.2%;
  • Education - an increase of 0.1%;
  • Restaurants and hotels - a decrease of 0.1%;
  • Miscellaneous goods and service - a decrease of 0.2%.

Source: National Statistical Institute