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Analyzing Inflation Trends, Consumer Prices, and Euro Exchange Rates

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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.

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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%.

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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