The latest data of the Central Statistical Bureau (CSB) show that during the year in December 2016, compared to December 2015 the average level of consumer prices increased by 2.2%. Prices of goods grew by 1.7 % and prices of services by 3.4%.
Compared to November 2016, in December 2016 the average level of consumer prices rose by 0.6%. Prices of goods went up by 0.5%, and prices of services by 0.8%.
In December the greatest pressure on the consumer price changes was put by the growth in prices of food and non-alcoholic beverages, goods and services related to transport, goods and services related to housing.
An Economics Ministry commentary said globally low prices for fuel and foodstuffs were major factors.