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The consumer price index rose 3.3% year-on-year in June, following a 2.9% increase in May.

Economists had forecast a 2.8% rise. In April, inflation was 3.4%. Prices for food and non-alcoholic beverages grew 5.8% annually in June and those of electricity, gas and other fuels rose by 5.1%.

Meanwhile, prices of fuels for transport declined by 19.3%. On a month-on-month basis, consumer prices rose 0.7% in June.