The Consumer Price Index (CPI) based on prices in August 2023, is 597.8 points (May 1988=100), 0.34% higher than in the previous month. The CPI less housing cost is 494.5 points, 0.49% higher than in July 2023.
Summer sales are winding down, causing an increase in clothing and footwear prices by 5.8% (effect on the index 0.21%) and an increase in furniture, furnishings, etc. by 4.5% (0.10%). Prices of international flights decreased by 8.4% (-0.19%).
The CPI is 7.7% higher in August 2023 than in August 2022 and the CPI less housing cost is 7.6% higher than one year ago.
The CPI compiled in the middle of August 2023, 597.8 points, is applicable for indexation purposes in October 2023.