Food prices continue to rise
In July 2021 and compared to last month, the Household Final Consumer Price Index (CPI) rose at a faster pace than last month (+0.5% after +0.3% in June), mainly due to the increase in food prices (+1.0% after +1.1% in June 2021) and the rebound in the price of “housing, water, gas, electricity and other fuels” (+1.4% after -0.1% in June 2021).
Compared to the same period in 2020, the general price level increased by 2.2% after +1.7% the previous month and +2.2% a year ago. This increase is mainly due to the acceleration of food prices (+4.8% after +3.7% last month) as well as “housing, water, gas, electricity and other fuels” (+2.3% after +0.9% last month).
On average over the last twelve months, the general price level increased by 1.9% after +2.0% last month, in line with the increase in the prices of food products (+4.0% as last month), alcoholic beverages, tobacco and narcotics (+3.5% as last month) as well as “Housing, water, gas, electricity and other fuels” (+1.2% after +1.0% last month).