CPI inflation at 2% y/y in July – GUS flash estimate

Prices of consumer goods and services increased in July 2018 by 2 percent year-on-year and decreased by 0.1 percent compared to June levels, statistics office GUS informed in a flash estimate. In June, the readings were also +2.0 percent y/y and -0.1 percent m/m. In July, prices for foods and non-alcoholic beverages increased by 2.1 percent y/y and dropped by 0.7 percent m/m, energy prices went up by 1.8 percent y/y and by 0.1 percent m/m, while fuel prices grew by 18.7 percent y/y and 1.4 percent m/m.