The indicator for core inflation, excluding indirect tax effects, was 1.2% in July, after 1.1% in June.
The indicator for demand-sensitive inflation, which excludes processed foods from core inflation, was 1.5%, unchanged now for the third month.
The indicator for “sticky” price inflation, which includes items for which retail prices vary, on average, no more than 15% a month, was up at 1.8% from 1.7% in the previous two months.
Consumer prices were down 0.3% year-on-year in July after dropping 0.2% in both May and June, the Central Statistical Office (KSH) reported Tuesday morning. Seasonally-adjusted core inflation calculated by the KSH stood at 1.3% in July, up 0.1 of a percentage point compared to the previous month. The KSH said January-July consumer prices were up 0.1% year-on-year.
The indicators were hardly changed and continue to point to a subdued inflationary environment, the MNB said. Inflationary expectations have not changed and continue to be in line with low inflation processes, it added.
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