Prices continue to rise

19th November 2011

There was bad news for consumers during the month of October which saw the price of goods and services rise by 4.3 percent since the same time last year.

This was a return to August’s figure of 4.3 percent after rates dropped in September to 3.9 percent.

According to data from the Central Statistical Office (GUS), the biggest impact was down to costs relating to transport - the price of fuel for private transport vehicles (16 percent), general transport prices (9 percent) and energy carriers (6.7 percent).

Other areas which have helped with the rise are the price of food and drink (1.1 percent) and clothes (3.1 percent).

“Inflation increased last month largely due to fuel pri ...