Published on: 14 January 2021

Prices increased by 2.7% in December and by 3.3% on average in 2020 compared to the previous year

Consumer prices were 2.7% higher on average in December 2020 than a year earlier. Significant price rises were measured over the last 12 months for alcoholic beverages and tobacco as well as food. Consumer prices increased by 0.3% on average in one month and by 3.3% on average in 2020 compared to the previous year.

In 12 months, compared to December 2019:

Food prices were up by 4.9%, within which the price of edible oil by 13.7%, that of seasonal food items (potatoes, fresh vegetables and fresh domestic and tropical fruits together) by 11.8%, sugar prices by 11.7%, the price of meals at canteens by 10.2%, that of other meat preparations by 7.8% and flour prices by 6.8%. Price decrease has been measured, in case of pork by 3.9% and poultry meat by 0.9%. Alcoholic beverages and tobacco became an average 8.8%, within which tobacco 14.4% more expensive. Consumers paid 2.8% more for consumer durables and 4.5% less for motor fuels.

In one month, compared to November 2020:

Consumer prices increased by 0.3% on average. Food prices were cut by 0.5%, within which other meat preparations cost 2.0%, seasonal food items (potatoes, fresh vegetables and fruits) 1.6%, poultry meat 1.3% and milk 0.7% less, while edible oil 2.0% and sugar 1.5% more for consumers. Alcoholic beverages and tobacco prices went up by 2.6% on average, within which tobacco prices by 5.2%. Consumers paid 3.6% more for motor fuels.

In 2020 compared to the previous year:

Consumer prices rose by 3.3% on average, within which the highest price rise of 7.2% was measured for food. Alcoholic beverages and tobacco prices increased by 6.9%, the price of services by 2.9%, that of consumer durables by 1.4% and electricity, gas and other fuels prices by 0.3%. Clothing and footwear prices were unchanged on average, and the price of other goods lessened by 0.9%. Consumer prices were up by 3.8% on average among pensioner households.

Consumer price indices

(%)

Denomination December 2020 Year 2020
previous month = 100.0 corresponding month of previous year = 100.0 previous year = 100.0
Consumer price index100.3102.7103.3
Harmonised index of consumer prices100.3102.8103.4
Core inflation (original, seasonally unadjusted)a)100.3104.0104.1
Consumer price index for pensioners100.1103.0103.8

a) Seasonally adjusted indices are available in Table 3.6.6 in the Summary tables (STADAT).