The term inflation means a sustained increase in the general level of prices of goods and services. The headline annual inflation rate increased to 4.9% in August 2021 from 4.6% in July 2021.
The headline inflation rate in May 2021 accelerated to 5.2 % year on year. The prices of food, transport, public transport and administered prices continue to drive inflation. Remember that inflation statistics refer to the past twelve months, while wage increases refer to the months to come.
The headline annual inflation rate increased to 4.4% in April 2021 from 3.2% in March 2021. The Consumer Price Index (CPI) increased by 0.7% month-on-month in April 2021.
The headline annual inflation rate declined to 3.1% in December 2020 from 3.2% in November 2020. The Consumer price index increased by 0.2% month-on-month in December 2020.
The headline annual inflation rate declined to 3.2% in November 2020 from 3.3% in October 2020. On a month-on-month basis the inflation rate came at 0% in November 2020 from 0.3% in October 2020.