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The consumer price index (CPI) fell 0.3% year-on-year in July, following a 0.2% decrease in June.

Transportation costs declined 5.1% annually in July.

Prices for clothing and footwear decreased 2.1% and those of housing, water, electricity, gas and other fuels fell 1.7%.

On a monthly basis, consumer prices fell 0.5% in July, after a 0.1% rise in the prior month.