Clothing & footwear higher prices push Oct inflation
05 Nov '07
3 min read
In contrast to October last year, when deflation was recorded (-0.8%), in October this year a considerable inflation was observed. Consumer prices grew on average by 0.7% over September 2007. In the first ten months of this year consumer prices were 4.2% higher (in the same period last year they increased only by 2%).
In October 2007 goods prices were on average 1.3% higher while the prices of services were on average 0.7% lower. Among goods, the prices of semi-durable goods grew by 3.1%, the prices of non-durable goods by 1.1% and the prices of durable goods by 0.2%. As a month before, service prices went down, on average by 0.7%.
In October higher prices were recorded in the following groups: clothing and footwear (by 4.4%), furnishing and education (by 0.7%), miscellaneous goods and services (by 0.3%).
Similarly to September, in October higher prices of clothing and footwear (by 4.4%) were observed as a result of the transition to the autumn-winter lines in stores. Clothing prices went up by 5.4% and footwear prices by 2.5%.
Prices in the group furnishing increased due to higher prices of glassware, tableware and household utensils (by 2.7%), furniture and furnishing (by 0.8%). In this group the prices of household textiles decreased by 0.3%.
Higher prices of clothing and footwear pushed the inflation rate up by 0.4 of a percentage point, rises in the group furnishing and other rises in October added 0.1 of a percentage pointeach.
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