It was mainly influenced by a decrease in prices for footwear, telephone and telefax services, other non-electric appliances, articles and products for personal care, non-durable household goods, as well as by an increase in prices for solid fuel, beer, fuels and lubricants, and fruit.
Over the said period, prices for consumer goods remained almost unchanged, while prices for consumer services decreased by 0.3%.
Prices for consumer goods and services regulated by State and municipal authorities decreased by 0.1%, while market prices remained almost unchanged. The influence of the change in prices regulated by State and municipal authorities and market prices for general result was negative and stood at minus 0.01 and minus 0.03%age points respectively.
In February 2014, compared to January, due to seasonal discounts, prices for articles of clothing and clothing accessories decreased by 5, footwear – 3.9, clothing – 0.2%.
As for communication goods and services, the largest decrease in prices was observed for mobile phone communication services – 4.6, telephone and telefax equipment – 2.7%.
As for food products and non-alcoholic beverages, the largest increase in prices was observed for pears – 6, root vegetables (carrots, beetroot) – 5.6, chocolate – 5.2, apples – 4.4, flour – 4.1, bananas – 2.6, sugar and fruit vegetables (cucumbers, bell pepper) – by 2.3% each; a decrease in prices was observed for green vegetables – by 7.2, margarine – 2.5, citrus fruit – 1.7, potatoes – 1.4%.
As for alcoholic beverages and tobacco products, the largest increase in prices was observed for beer – 3.9%. Spirits went down in price by 0.5%.
In February 2014, annual (February 2014, against February 2013) inflation stood at 0.2% and was by 2%age points lower than in February 2013 (in February 2013, against February 2012, it stood at 2.2%).
Annual inflation was mainly determined by a 23.1% increase in prices for solid fuel, 4.9% – tobacco products, 4.6% – milk, cheese and eggs, 8.7% – vegetables, 2.4% – bread and cereals, 2.1% – restaurant and café services, 3.7% – beer, as well as by a 7.8% decrease in prices for heat energy, 8.7% – telephone and telefax services, 3.4% – fuels and lubricants, 5.4% – electricity, 9.3% – coffee, tea and cocoa, 3% – footwear.
Over the year, prices for consumer goods remained almost unchanged, while prices for consumer services increased by 0.6%.
In February 2014, compared to February 2013, prices for consumer goods and services regulated by State and municipal authorities decreased by 2.6%, while market prices increased by 0.7%.
In February 2014, average annual inflation stood at 0.7% and was by 2.2%age points lower than in February 2013 (2.9%).
The overall change in consumer prices is influenced not only by the size of the price change for a certain product but also by the relative share (weight) of expenditure on that product in the total consumption expenditure.
Concepts
Inflation is a decrease in the purchasing power of a currency unit, which manifests itself in a long-term increase in the average general price level.
Annual inflation shows the relative change in the average price level between the reporting month and the corresponding month of the previous year.
Average annual inflation shows the relative change in the average price level between the last twelve months and the corresponding previous twelve months.
