In April, the consumer price index rose by 2.2%, a notable jump from the previous month's 2% increase, primarily due to soaring dairy prices. Average butter prices climbed by over 26%, alongside significant hikes in other food items. While food costs saw an annual increase of 3.1%, other expenses like motor and health insurance also rose, contributing to inflationary pressures. Despite these increases, some areas like hotel accommodation saw price drops, providing a contrasting trend in the overall economic landscape.
Higher food prices, especially for dairy products, have significantly contributed to a recent rise in the consumer price index, reaching 2.2% in April.
Dairy products like butter and cheese are seeing price increases far exceeding overall inflation, with butter prices rising over 26% in a year.
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