Thursday, July 7, 2022

INFLATION REACHED 9.6% IN JUNE

 Filenews 7 July 2022



The Consumer Price Index in June 2022 increased by 0,87 points and reached 112,24 points compared to 111,37 units in May 2022. Inflation in June 2022 increased at a rate of 9.6%. (Table 1)

For the period January-June 2022, the CPI recorded an increase of 7,8% compared to the corresponding period of last year. (Table 1)

The largest changes in the economic categories compared to June 2021 were recorded in Petroleum Products with a percentage of 46,1%, in Electricity with a percentage of 40,4% and in Agricultural Products with a percentage of 7,3%. Compared to the previous month, the largest positive change occurred in Petroleum Products with a percentage of 7,9% while the largest negative change was presented in Agricultural Products with a percentage of -7,8%. (Table 2)

Analysis of percentage changes

Compared to June 2021, the largest changes were observed in the categories Transport (24,7%), Housing, Water Supply, Electricity and LPG (23,5%), Restaurants and Hotels (8,2%) and Food and Non-Alcoholic Beverages (7,9%). (Table 1)

Compared to May 2022, the largest positive change was recorded in the category Transport (4,9%), while the largest negative change in the category Food and Non-Alcoholic Beverages (-2,5%). (Table 1)

For the period January - June 2022 compared to the corresponding period of last year, the largest changes were presented in the categories Housing, Water, Electricity and LPG (18,6%), Transport (17,6%) and Food and Non-Alcoholic Beverages (8,1%). (Table 1)

Plant impact analysis

The largest impact on the change in the CPI of June 2022 compared to June 2021 was had by the categories Transport (3,80), Housing, Water Supply, Electricity and LPG (2,93) and Food and Non-Alcoholic Beverages (1,51). (Table 3)

The largest positive impact on the change in the CPI compared to the previous month was had by the categories Transport (0,90) and Housing, Water Supply, Electricity and LPG (0,37). The category Food and Non-Alcoholic Beverages (-0,52) showed the largest negative impact on the change in the CPI compared to the previous month. (Table 3)

The largest impact on the change of the CPI of June 2022 compared to the index of June 2021 was had by Petroleum Products (3,84) and Electricity (1,55). (Table 4)

Finally, Petroleum Products (0,94) had the largest positive impact on the change in the CPI of June 2022 compared to the corresponding index of the previous month. (Table 5)

Table 1

Categories of Goods

and Services

CPI (2015=100)

Changes (%)

May

2022

June

2022

Jun 22/

Jun 21

Jun 22/

May 22

Jan- Jun 22/

Jan- Jun 21

Food and Non-Alcoholic Beverages

110,53

107,79

7,94

-2,48

8,07

Alcoholic Beverages and Tobacco

98,68

98,68

0,89

0,00

0,93

Clothing and Footwear

105,96

104,59

0,00

-1,29

2,60

Housing, Water Supply, Electricity and LPG

134,58

137,91

23,46

2,47

18,55

Furnishings, Household Equipment and Cleaning Products

101,07

101,64

5,73

0,56

3,89

Health

103,35

103,38

0,58

0,03

0,76

Transport

120,11

126,04

24,69

4,94

17,56

Communications

91,86

91,81

0,23

-0,05

1,73

Recreation and Culture

105,87

106,59

3,94

0,68

2,85

Education

107,36

107,36

0,56

0,00

0,56

Restaurants and Hotels

114,60

115,94

8,22

1,17

5,99

Other Goods and Services

103,16

103,47

2,08

0,30

1,78

General Price Index

Consumer

111,37

112,24

9,62

0,78

7,78

Table 2

Financial Categories

Rates

Weighting

Changes (%)

Jun 22/

Jun 21

Jun 22/

May 22

Agricultural Products

749

7,27

-7,76

Industrial Products

(except Petroleum Products)

4021

4,90

0,35

Electricity

316

40,38

4,95

Mineral oils

871

46,06

7,88

Water

72

0,00

0,00

Services

3971

4,22

0,50

General Index

10000

9,62

0,78

Table 3

Categories of Goods and

Services

Rates

Weighting

Impact (units)

Jun 22/

Jun 21

Jun 22/

May 22

Food and Non-Alcoholic Beverages

1906

1,51

-0,52

Alcoholic Beverages and Tobacco

347

0,03

0,00

Clothing and Footwear

721

0,00

-0,10

Housing, Water Supply, Electricity and LPG

1119

2,93

0,37

Furnishings, Household Equipment and Cleaning Products

644

0,35

0,04

Health

637

0,04

0,00

Transport

1524

3,80

0,90

Communications

439

0,01

0,00

Recreation and Culture

575

0,23

0,04

Education

392

0,02

0,00

Restaurants and Hotels

836

0,74

0,11

Other Goods and Services

860

0,18

0,03

General Price Index

Consumer

10000

9,85

0,87

Note: The sums are calculated based on the individual impacts with infinite decimals and are published by rounding two decimals. Possible differences in the sums are due to a rounding error.

Table 4

Products/Services

Impact (units)

Jun 22/Jun 21

Positive impact

 

Mineral oils

3,84

Electricity

1,55

Catering services

0,71

Services for regular maintenance of a dwelling

0,48

Fresh meat

0,34

Buy cars

0,32

Lpg

0,21

Potatoes

0,17

Miscellaneous other products and services

2,38

Negative impact

 

Fresh vegetables

-0,15

GRAND TOTAL

9,85

Table 5

Products/Services

Impact (units)

Jun 22/ May 22

Positive impact

 

Mineral oils

0,94

Electricity

0,25

Catering services

0,09

Miscellaneous other products and services

0,26

Negative impact

 

Fresh vegetables

-0,44

Fresh fruit

-0,23

GRAND TOTAL

0,87