The year-on-year harmonized inflation significantly increased, it reached the value 10.9% in April 2022

Consumer prices rose by 10.9% year-on-year in April 2022 according to the European harmonised methodology, compared to 9.6% in March 2022. Month-on-month HICP inflation was 1.4% in April, compared to 1.7% in March this year and 0.2% in April last year.

The average annual HICP inflation rate (the average of the harmonised consumer price indices over the last 12 months compared to the average of the previous 12 months) was 5.5% in April 2022. This was 0.8 percentage point (p.p.) higher than in March 2022. This indicator is important for assessing price stability in the country.

The 1.4% month-on-month HICP inflation rate in April 2022 was mainly influenced by price increases in the following divisions: Food and non-alcoholic beverages (positive contribution of the whole sector of 0.56 p.p., of which food had a positive contribution of 0.55 p.p. and non-alcoholic beverages a positive contribution of 0.01 p.p.), Transport (positive contribution of 0.30 p.p.), Housing, water, electricity, gas and other fuels (positive contribution of 0.12 p.p.), Furniture, furnishings and routine household maintenance (positive contribution of 0,12 p.p.), Miscellaneous goods and services (positive contribution of 0,10 p.p.), and Restaurants and hotels (positive contribution of 0,05 p.p.).