Annual consumer inflation increased to 7.8% in July 2022 from 7.4% in June. Transport, food and non-alcoholic beverages, and housing and utilities continue to place considerable pressure on the annual rate. Bread and cereals, oils and fats, fuel and electricity contributed notably to the reading in July.
The headline annual inflation rate increased to 5.9% in March 2022, from 5.7% in February 2022. The Consumer Price Index (CPI) increased by 1.0% month-on-month in March 2022.
Annual consumer inflation held steady at 5. 7% in February 2022, unchanged from January. But food and transport prices put upward pressure on the monthly rate, with the Consumer Price Index (CPI) for the goods increasing by 0.6% between January and February.