The Consumer Price Index (CPI), based on prices in August 2022, is 555.1 points (May 1988=100), 0.29% higher than in the previous month. The CPI less housing cost is 459.6 points, 0.04% higher than in July 2022.

Summer sales are winding down, causing an increase in prices of clothing and footwear by 3.5% (effect on the index 0.11%) and an increase in prices of furniture and furnishings by 6.4% (0.14%).

Cost of owner occupied housing (imputed rent) increased by 0.9% (0.17%). Prices of international flights decreased by 8.7% (-0.22%) and the prices of petrol and diesel decreased by 3.9% (-0.16%).

The CPI is 9.7% higher in August 2022 than in August 2021 and the CPI less housing cost is 7.1% higher than one year ago.

The CPI compiled in the middle of August 2022, 555.1 points, is applicable for indexation purposes in October 2022. The old credit terms index for October 2022 is 10,960 points.