Compared to August 2014, prices of transport declined at a slower 3.3 percent (compared to -3.8 percent in July). Also, cost of food and non-alcoholic beverages decreased by 2.3 percent (compared to -2.4 percent in July); and clothing and footwear prices went down by 4.9 percent (compared to -3.7 percent in July). Additional downward pressure came from: furnishings, household equipment & routine household maintenance (-2.6 percent); alcoholic beverages and tobacco (-0.1 percent).
In contrast, cost of education increased by 5 percent; communications by 2.5 percent; restaurants and hotels by 1.9 percent; housing and utilities by 1.5 percent; and health by 0.4.
Annual core inflation advanced to 1.1 percent in August, up 0.3 p.p. when compared to the previous month.
On a monthly basis, consumer prices increased by 0.4 percent, compared to a 0.3 percent drop in the previous month. Upward pressure came from: clothing and footwear 4.6 ( percent compared to -7.7 percent in July); and food and non-alcoholic beverages ( 0.0 percent compared to -0.5 percent July). Also, cost of restaurants and hotels increased by 0.5 percent; and transport prices were flat.
The harmonized index increased by 0.2 percent year-on-year and by 0.3 percent in the month.