Inflation confirms its upward trend in August, rising to 8.6%, from 8.2% in July, 8.1% in June and 7.8% in May, the National Institute of Statistics (INS) announced on Monday, September 5, 2022.
This increase is explained mainly by the accelerated pace of price increases of food products (+11.9% against +11% in July), prices of the group furniture, household items and routine household maintenance (+11.3% against +10.6% in July) and prices of educational products and services (+10% against +9.8% in July).
Indeed, the rise in food prices (+11.9%) is mainly due to the increase in prices of eggs by 28.3%, poultry by 22.1%, edible oils by 21.4%, fresh fruits by 18.4%, fresh vegetables by 15.8% and grain derivatives by 12.7%.
As for the prices of manufactured goods, they went up by 8.8% due to the increase in prices of building materials by 9.3%, clothing products by 10.2% and household cleaning products by 8.5%.
In services, the 6.1% year-on-year price increase was driven by an 8.4% rise in prices for restaurant, café and hotel services and a 4.9% rise in prices for rents.
The core inflation rate (excluding food and energy) rose by 7.1%, from 6.8% in July. Thus, prices of free (unregulated products rose by 9.8% over the year, while prices of regulated products grew 5%).
As for free food products, they went up 14.1% against a slight increase of 0.5% for food products with regulated prices.