Consumer prices will probably decelerate further as the annual inflation figure for June should amount to 0.0%, down from 0.2% y/y in May, according to the ministry of economy's analysts.
In May, inflation returned to the lowest level since July of 2013, though both the ministry and market economists deemed it would inch up to 0.4% y/y. 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 0.2% in June, chiefly due to further decline of food prices (that have been falling m/m for four months now); they also expect transport-related prices to stabilise as well as a slight fall of clothing and footwear prices.
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