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Analyzing Inflation Trends, Consumer Prices, and Euro Exchange Rates

Consumer prices for goods and services of personal consumption in November 2023, compared to October 2023, showed an average increase of 0.5%.

Consumer price indices are defined as a measure of the average change in retail prices of goods and services used for personal consumption.

The prices of goods and services for personal consumption in November 2023, compared to October 2023, on average, increased by 0.5%. Consumer prices in November 2023, compared to the same month of the previous year, increased by 8.0%, while compared to December 2022, they increased on average by 7.5%.

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Examining the main groups of products and services classified according to the purpose of consumption, in November 2023, compared to the previous month, a decrease in prices was recorded in the groups of Transport (-1.4%), Equipment for home and current maintenance (-0.4%), and Communications (-0.2%).

Price increases were observed in the groups of Housing, water, electricity, gas, and other fuels (3.1%), Clothing and footwear (1.2%), Restaurants and hotels (1.1%), Alcoholic beverages and tobacco (1.0%), Health (0.9%), Education (0.4%), Recreation and culture (0.2%), and Food and non-alcoholic beverages (0.1%).

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