Inflation keeps climbing, ending the month of April at 7.7% against 7.6% recorded the previous month and 7.1% in February, according to the latest figures published by the National Institute of Statistics (INS).
This rise is mainly explained by the increase in food prices of 8.9% and transportation by 10.5% year-on-year.
Accelerated food prices
In April 2018, food prices rose by 8.9% year-on-year (8.7% in March) following the increase in fruit prices by 23.8%, edible oils by 13.1%, fish by 12.4% and meat 12.3%.
Increase in transport prices
Over one year, transportation prices grew by 15.5% due to vehicle price increases by 16.6% and vehicle utilization expenses by 12.1%.
Higher prices for various goods and services
Prices for miscellaneous goods and services went up 10.2% year-over-year, as personal prices rose by 10.5%, insurance by 9.3% and financial services by 7.5%.
Core inflation and inflation of administered products
The core inflation rate (all without food and drinks and excluding energy) is 7.4%. Prices of free products (non-administered) went up by 8.6% against 4.7% for administered prices. Free food products increased by 10.1%, compared with 2.3% for administered products.