Year-on-year, inflation continued to climb for: energy (15.22 percent vs 12.37 percent in May); housing (2.60 percent vs 2.57 percent); and other services including restaurants, telephone services, medical services and package tourist services (3.76 percent vs 3.73 percent). In contrast, prices increased at a slower pace for food, beverages & tobacco (4.49 percent vs 4.73 percent); education (4.81 percent vs 4.82 percent) and they fell further for fruits and vegetables (-1.40 percent vs -0.87 percent).
On a monthly basis, consumer prices increased 0.39 percent, compared to a 0.16 percent fall in May and market expectations of a 0.3 percent gain. Main upward pressure came from prices of energy (2.29 percent vs -2.39 percent in May), namely electricity (1.49 percent vs -22.32 percent) and gasoline (1.45 percent vs 1.08 percent); housing (0.24 percent vs 0.21 percent in May); other services (0.49 percent vs 0.47 percent) and fruits and vegetables (0.17 percent vs -2.69 percent), such as oranges (33.34 vs 26.08 percent); potatoes and other tubers (5.82 percent vs 4.20 percent) while cost of lemons fell much less (-21.29 percent vs -40.88 percent).
The core index, which strips out some volatile food and energy prices went up 0.23 percent during the month (0.26 percent in May) and was up 3.62 percent on a yearly basis (3.69 percent in May), hitting its lowest level since December of 2016.