Small annual decline in supermarket prices last month

Product prices at supermarkets posted a 0.72% drop on average in November 2024, in comparison with November 2023, according to a Research Institute for Retail Consumer Goods (IELKA) survey.

This found an almost complete stabilization of prices in the first 11 months of 2024 - with an average increase of 0.05% compared to same period in 2023.

According to the survey, November's change was due to declines in both non-food and food categories, with only very specific categories showing an increase due to seasonal conditions, such as categories related to cocoa and coffee and specific fresh items due to weather conditions.