Inflation fell to 3% in April, according to ELSTAT data.
According to ELSTAT, inflation fell to 3% from 4.6% in March.
Food inflation is 11.4% higher than in April 2022, but it is the first time in a long time that it has fallen since the previous month (March 2023).
In particular, in one year there were revaluations in:
Bread and cereals (13.8%), Meat – general (12%),
Fish – generally (4.5%),
Dairy and eggs (19.1%),
Oils and fats (16.2%),
Vegetables – general (6.2%),
Sugar – chocolates – sweets – ice creams (11%),
Other foods (14.6%),
Mineral water – soft drinks – fruit juices (8.5%)
Alcoholic beverages – not served (10.1%).
There were also price increases in:
Clothing and footwear (5.6%),
Residential rentals (3.8%),
Home repair and maintenance (5.3%),
Public services (2.1%),
Solid fuels (29.6%),
Furniture and decorative items (7.7%),
Appliances and repairs (7.4%),
Glassware – tableware and household utensils (7.2%),
Items for immediate household consumption (16.3%),
Household services (7.6%),
Pharmaceutical products (13.9%),
Medical products (2.2%),
Medical-dental and paramedical services (5.2%),
Hospital care (1.6%),
New cars (7.6%),
Used cars (10.5%),
Mopeds – motorcycles (7.3%),
Auto parts and accessories (12.2%),
Maintenance and repair of personal transport equipment (5%),
Transport of passengers by taxi (32.9%),
Passenger transport by plane (34.1%),
Passenger transport by ship (11.2%),
Leisure and durable cultural goods (4.7%),
Small leisure items – flowers – pets (6.2%),
Stationery and drawing material (7.3%),
Vacation package (10.9%),
Primary education (2.6%),
Secondary education (2.7%),
Hotels- motels- inns (22.2%),
Hairdressers and personal care stores (4.5%),
Other types of personal care (10.4%),
Health insurance premiums (5.7%)
Vehicle insurance premiums (3%).
where prices fell
natural gas (25.1%),
Heating fuel (20.7%),
Fuels and lubricants (7.4%)
Telephone services (1.8%).
Between April and March of this year, energy prices continued to decline to
Natural gas (13.4%)
Engine oil (3%).
There was an increase in heating fuel oil (6.3%) due to the elimination of the favorable disposal regime, and in gasoline (1.1%).
For their part, price increases continued in Bread and cereals (0.3%), Beef (0.9%), Olive oil (1.7%), Sugar-chocolates-sweets-ice creams (1.5 %), Solid fuels (6.3%), Medical – dental and paramedical services (3.1%), durable leisure and cultural goods (3.1%), restaurants-canteens-cafeterias-canteens (1.4%) , hotels-motels-inns (11.8%), hairdressers and personal care stores (1%) and vehicle insurance premiums (3%).
According to ELSTAT, the increase in the general consumer price index in April came mainly from the variation in the following groups of goods and services:
1. Of the increases of the indicators by:
*11.4% in the “Food and non-alcoholic beverages” group, due to price increases mainly in: bread and cereals, meat (general), fish (general), dairy products and eggs, oils and fats, vegetables (general), sugar – chocolates – sweets – ice creams, other foods, coffee – cocoa – tea, mineral water – soft drinks – fruit juices.
*4% in the “Alcoholic beverages and tobacco” group, mainly due to the increase in the prices of alcoholic beverages (not served).
*5.6% in the “Clothing and footwear” group, due to price increases in clothing and footwear.
*10.9% in the “Durable goods – Household items and services” group, due to price increases mainly in: furniture and decorative items, electrical appliances and repairs, glassware – tableware and household items, household items for immediate consumption , home services.
*6.5% in the “Health” group, due to price increases mainly in: pharmaceutical products, medical products, medical, dental and paramedical services, hospital care.
*1.4% in the “Transportation” group, mainly due to price increases in: new cars, used cars, mopeds-motorcycles, auto parts and accessories, maintenance and repair of personal transportation equipment, taxi passenger tickets , plane passenger transport tickets, ferry passenger tickets Part of this increase was offset by the decrease mainly in the prices of fuels and lubricants.
*3.7% in the “Leisure-Cultural Activities” group, due to price increases mainly in: durable leisure and cultural goods, small leisure items – flowers – pets, cinemas – theaters, stationery and design material, vacation package .
*2.2% in the “Education” group, mainly due to price increases in: primary education rates, secondary education rates.
*8.5% in the “Hotels-Cafes-Restaurants” group, mainly due to price increases in: restaurants-canteens-cafeterias-canteens, hotels-motels-inns.
*6.4% in the “Other goods and services” group, mainly due to price increases in: hairdressers and personal care stores, other personal care items, health insurance premiums, vehicle insurance premiums.
2. From the reduction of the index by:
*13.4% in the “Housing” group, mainly due to the decrease in the prices of: electricity, natural gas, diesel for heating. Part of this increase was offset by price increases mainly in: home rentals, home repair and maintenance, public services, LPG, solid fuels.
*1.8% in the “Communications” group, mainly due to a decrease in the prices of telephone services.
At the same time, the general index increased 0.6% in April compared to March of this year, compared to the increase of 2.1% registered in the corresponding comparison of the previous year.
Regarding harmonized inflation, it increased 4.5% in April this year compared to April 2022, against an increase of 9.1% registered in the corresponding comparison of 2022 with 2021. Between April and March, the harmonized index presented an increase of 1.1%, compared to an increase of 2% registered during the corresponding comparison of the previous year.