Inflationary pressures eased slightly in September 2022, with inflation registering the slowest annual growth rate in the past five months.
According to Statistics, inflation in September 2022 increased at a rate of 8,7%. This is the smallest increase in inflation since last April, following inflation levels of 8,89% recorded in August, 10,86% in July, 9,62% in June, 9,11% in May and 8,8% in April.
On a monthly basis, the Consumer Price Index in September 2022 decreased by 0,22 points to 113,12 points, compared to 113,34 points in August 2022.
For the period January – September 2022, the CPI recorded an increase of 8,4% compared to the corresponding period last year.
According to the Statistical Service, the biggest changes in the financial categories compared to September 2021 were recorded in Electricity with a percentage of 59,9% and in Petroleum products with a percentage of 23,4%. In relation to the previous month, the biggest negative change was seen in Petroleum products with a rate of 6,3%.
Analysis of percentage changes
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Compared to September 2021, the biggest changes were observed in the Housing, Water, Electricity and LPG (27,3%) and Transport (13,8%) categories.
In relation to August 2022, the biggest change occurred in the Clothing and Footwear category (7,7%).
For the period January – September 2022 compared to the corresponding period last year, the largest changes were presented in the categories Housing, Water Supply, Electricity and LPG (21,9%) and Transportation (18,3%).
Besides, the categories Housing, Water Supply, Electricity and LPG (2022) and Transport (2021) had the greatest impact on the change in the CPI of September 3,48 compared to September 2,19.
The biggest negative impact on the CPI change compared to the previous month was the category Transportation (-1,03).
Electricity (2022) and Petroleum (2021) had the greatest impact on the September 2,28 CPI change compared to the September 2,10 index.
Finally, Oil Products (-0,75) had the greatest negative effect on the change in the September 2022 CPI compared to the corresponding index of the previous month.
Source: KYPE