Consumer Prices Decrease whilst Annual Inflation Increases to 1.9%

A study by STATEC has shown that the In July 2017, consumer prices fell by 0.7% whilst the annual inflation rate rose to 1.9%.

In July, the consumer price index fell by 0.7% compared with the previous month. As is the case each year, this decline is explained by the price reductions offered during the summer sales. In addition, prices for petroleum products are declining.

By neutralising changes due to balances- excluding petroleum products- prices for other goods and services rose by 0.3%. Similarly, the annual inflation rate has experienced an increase to 1.9%.

The general index for the month of July in base 100 in 2015 is 101.46 points. The half-yearly average of the index connected to the base 1.1.1948 rose from 841.57 to 843.03 points.