In April this year, consumer price growth equalled 3.1% y-o-y, with more than half of the increase attributable to the rise in the prices of vegetables on account of the low base and last year’s dampened yield in other parts of Europe as well.
Other than that, inflationary pressures remained low on both the cost and supply sides, as attested by the core inflation of 1.4% in April. As announced in February, we expect inflation to slow down during the next 12 months due to the base effect from vegetable prices.