Inflation and consumer price indices in June 2012

The consumer price index (CPI) in June 2012 compared to May 2012 was 99.0%, i.e. the monthly inflation was -1.0%. The inflation rate since the beginning of the year (June 2012 compared to December 2011) was 0.5%and the annual inflation in June 2012 compared to June 2011 was 1.6%.

The annual average inflation, measured by CPI, in the last 12 months (July 2011 – June 2012) compared to the previous 12 months (July 2010 - June 2011) was 2.7%.

In June 2012 compared to the previous month the prices of goods and services in the main consumer groups have been changed as follows:

• Food and non-alcoholic beverages - a decrease of 2.4%;
• Alcoholic beverages and tobacco - an increase of 0.1%;
• Clothing and footwear - a decrease of 0.3%;
• Housing (rentals, maintenance and repair), water, electricity, gas and other fuels - the prices have remained at the level of the previous month;
• Furnishings, household equipment and routine maintenance of the house - a decrease of 0.2%;
• Health - a decrease of 0.1%;
• Transport - a decrease of 1.8%;
• Communications - an increase of 0.1%;
• Recreation and culture - an increase of 0.5%;
• Education - the prices have remained at the level of the previous month;
• Restaurants and hotels - an increase of 0.6%;
• Miscellaneous goods and service - a decrease of 0.2%.

The harmonized index of consumer prices (HICP) in June 2012 compared to May 2012 was 99.5%, i.e. the monthly inflation was -0.5%. The inflation rate since the beginning of the year (June 2012 compared to December 2011) was 0.7% and the annual inflation in June 2012 compared to June 2011 was 1.6%.

The price index of a small basket (PISB) in June 2012 compared to May 2012 was 98.6% and the overall increase since the beginning of the year (June 2012 compared to December 2011) was 100.1% .

In June compared to the previous month the prices of goods and services in the small basket for the 20% households with the lowest income, have changed as follows:

• Food products - a decrease of 2.2%;
• Non-food products - a decrease of 0.3%;
• Services - an increase of 0.1%.