The inflation rate fell slightly to 5.7% in July, from 5.8% the previous month and 6.3% the month before, the National Institute of Statistics (INS) announced on Wednesday, August 5.
This slight drop results from a slowdown in the rate of increase in food prices (4.0% against 4.3% in June) as well as for transport products and services (1.4% against 1.6%).
In July 2020, food prices went up 4.0% year-on-year, compared to 4.3% in June 2020, explained by the rise in prices of fruit by 10.0%, jams, honey, chocolate and confectionery by 6.7%, fish by 5.8% and vegetables by 5.4%.
In addition, olive oil prices were down 13.6% year-on-year.
Prices of manufactured goods grew by 6.6% due to the increase in prices of clothing products by 7.3% and hygiene and personal care products by 8.8%.
Core inflation (excluding food and energy) stabilized at 7.2%.
Prices of free (non-administered) products rose by 5.5% compared with 6.4% for administered prices.
Free food products increased by 4.5% compared to 1.7% for administered food products.
