Consumer prices will probably decelerate as the annual inflation figure for July should amount to 0.0%, down from 0.3% y/y in June, according to the ministry of economy's analysts.
In June, inflation inched up from May's 0.2%, though market economists deemed it would stay at the previous month's level. The ministry itself expected zero inflation (y/y) already in June.
In the summer, bank analysts expect annual deflation - which is often noted in July and August - to be seen in the period of July-September.
The ministry's experts expect monthly deflation of 0.1% in July, chiefly due to further decline of food prices (that have been falling m/m for five months now); they also expect transport-related prices to inch up slightly as well as a slight fall of clothing and footwear prices.
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