According to preliminary estimates, energy prices are likely to fall 6.2 percent, compared to a 5.9 percent drop in June. Food cost is expected to rise at a slower 0.4 percent, following a 1 percent increase in June. In contrast, prices of services are expected to accelerate (up 1.1 percent from 0.9 percent in June).
On a monthly basis, consumer prices are estimated to increase 0.2 percent, rebounding from a 0.1 percent drop in June.
The harmonised consumer price index is expected to be up 0.1 percent in July over a year earlier. Compared with June 2015, it is expected to be up by 0.3 percent.