Soaring food prices
In October 2020 and compared to last month, the Household Final Consumer Price Index increased by 0.4% after +0.2% last month. This increase in prices is mainly due to the increase in food prices (+0.9% after +0.2% the previous month). The prices of alcoholic beverages, tobacco and narcotics (+0.6% after -0.1% last month) are rising faster than the increase in the general price level.
Compared to the same period in 2019, the general price level increased by 2.5% after +2.3% the previous month and +1.9% a year ago. This increase is mainly due to the increase in the prices of food products (+5.1% after +4.6% in September), and transport (+3.0% after +2.9% in September).