Inflation confirmed its upward trend by rising again in July to 8.2% from 8.1% in June, 7.8% in May and 7.5% in April, according to data released by the National Institute of Statistics (INS).
This increase is explained mainly by the accelerated pace of price increases in food products (11% against 9.5% in June), prices of the group furniture, household items and routine household maintenance (10.6% against 9.7% in June) and prices of the leisure and culture group (7.5% against 6.3% in June).
In detail, food prices rose 11% year-over-year in July 2022. This increase came mainly from the rise in prices of oil & eggs by 24.2%, edible oils by 22.3%, fresh fruit by 18.6%, fresh vegetables 19.9% and sheep meat by 11.9%.
As for the prices of manufactured goods, they went up 8.6% due to the increase in prices of building materials by 10.2%, clothing products by 10.4% and common household maintenance products by 7.9%.
For services, the 5.6% year-on-year price increase is explained by the 8.1% rise in prices for restaurant, cafe and hotel services and 4.8% for rents.
On the other hand, the core inflation rate (excluding food and energy) fell to 6.8% from 7.2% the previous month.
Prices for free (non-regulated) products rose by 9.3% over the year, while prices for regulated products rose by 4.6%.
Finally, free food products have increased by 13.1% against 0.3% for food products with regulated prices.