Prices soar in December fueling inflation
15:43
In December 2019, inflation amounted to as much as 3.4 percent in annual terms versus 2.6 percent in November, the Central Statistical Office (GUS) reported in a quick estimate of this data. Food prices are very high. Experts have no illusions: it will get worse in the coming months. In the first quarter inflation may reach even 4.5 percent, and the whole year 2020 may end around 3 percent.
Prices of food and non-alcoholic beverages increased by 7% y/y, energy prices – dropped by 1.8% y/y, while fuel prices for private means of transport decreased by 0.2% y/y. In monthly terms, prices of food and non-alcoholic beverages increased by 1.2%, energy carriers increased by 0.1%, and fuels for private means of transport increased by 2.1%, the GUS also said.
