The Consumer Price Index (CPI) based on prices in July 2024, is 633.2 points (May 1988=100), 0.46% higher than in the previous month. The CPI less housing cost is 512.9 points, 0.45% higher than in June 2024.
Summer sales are ongoing and prices of clothing and footwear decreased by 6.2% (effect on index -0.24%), furniture, furnishings, etc decreased by 6.2% (-0.13%). Prices of food increased by 1.1% (0.15%). Cost of owner occupied housing (imputed rent) increased by 0.5% (0.09%) and prices of international flights increased by 16.5% (0.34%).
The CPI is 6.3% higher in July 2024 than in July 2023 and the CPI less housing cost is 4.2% higher than one year ago.
The CPI compiled in the middle of July 2024, 633.2 points, is applicable for indexation purposes in September 2024.