Prices continued to rise in August, with year-on-year (y-o-y) inflation reaching as high as 3.8 percent, the Statistics Office reported on Tuesday. This is the highest figure reported since October 2012, i.e. for almost nine years. Inflation was driven by higher prices in transport, rentals influenced by the prices of construction materials, and rapidly growing food prices. While housing and energy prices dampened price growth at the beginning of the year, they've been more likely to boost it in the second half of the year. Increases in the price of construction materials have already outdone the effect of a drop in energy prices from the beginning of the year. "This was supplemented by more expensive fuels, with prices reporting a growth of over 20 percent for the fourth consecutive month," said the Statistics Office.
Source: TASR
