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ECONOMY

Communications And Transport Had The Largest Positive Change Over Consumer Prices In January 2020

Communications And Transport Had The Largest Positive Change Over Consumer Prices In January 2020

In January 2020, according to CyStat, the Harmonized Index of Consumer Prices (HCIP) increased by 0,7% compared to the index of January 2019 while, when compared to the index of December 2019, the HICP decreased by 0,8%.

 

The HICP is an economic indicator constructed to measure the changes of prices over time of consumer goods and services acquired, used or paid by households and tourists within the economic territory of the country. The HICP is calculated according to a harmonized approach and methodology laid down by a series of regulations of EU. The annual change shows the change of the HICP when compared with the index of the corresponding month of the previous year.

 

Compared to January 2019, the categories Communication and Transport recorded the largest positive changes with percentages of 3,2% and 2,6% respectively. The largest negative change was observed in category Clothing and Footwear with percentage -2,7%.

Compared to December 2019, the largest change was recorded in the category Clothing and Footwear (-18,8%). As regards the economic origin, the largest change when compared to the index of January 2019 was observed in the category Energy (4,3%), whereas when compared to the index of the previous month the largest change was noted in the category Non Energy Industrial Goods (-5,2%).

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