The annual inflation rate rose to 0.1% in January 2026, rebounding from a 0.22% decline in December 2025. This was the highest rate since October, as prices increased across all major categories, led by fish (0.22% vs -6.72% in December), other food items excluding fish (0.26% vs -0.95%), and non-food goods (0.08% vs -0.01%).
Within non-food products, price gains accelerated for alcoholic beverages (4.5% vs 4.35%) and restaurants and hotels (2.98% vs 2.42%). At the same time, deflation eased for housing and utilities (-1.67% vs -2.24%), clothing and footwear (-0.43% vs -0.61%), furniture and household equipment (-0.21% vs -1.38%), and recreation and culture (-5.35% vs -5.45%).
By contrast, deflation deepened for tobacco (-0.74% vs -0.53%). Price growth slowed for transport (0.87% vs 2.28%), health (0.36% vs 1.62%), and miscellaneous goods and services (0.79% vs 1.14%). On a monthly basis, consumer prices rose 0.16% in January, up from 0.09% in December 2025.
