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Harmonised inflation at 2.4% in November

The Harmonised Index of Consumer Prices (HICP) settled at 2.4% in November, dropping 1.5% from October’s 3.6%.

For January-November however, the HICP rose by 4.1% compared to the same period of last year, Cystat figures show.

The biggest variations compared with November 2022 were observed in goods and services, in the category of Restaurants and Hotels with 7.1%, while housing, water supply, electricity, gas and other fuels rose by an annual 2.5%. The Transport and Communication indexes dropped by an annual 2.6% and 1.5% respectively.

Compared with October, the category of transport declined by 4.5% followed by housing, water supply, electricity and gas by 1.9%

For the period January-November, the largest annual changes were registered in Food and Non-Alcoholic Beverages with 8.4% and Restaurants and Hotels with 6.5%.

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