07.Sep .2020 17:29

Inflation was 4.8% y/y and flat m/m in August 2020

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Annual CPI inflation retreated to 4.8% in August 2020 from 5.7% in previous month, according to Geostat.

Core inflation (non-food, non-energy) was 5.7% in August 2020, while core inflation excluding tobacco was 5.2%.

Annual price changes were driven by price increases in food and non-alcoholic beverages (+9.2% y/y, +2.88ppts) and alcoholic beverages and tobacco (+8.9% y/y, +0.60ppts) categories and price drop in transport (-8.9% y/y, -1.12ppts) category. On a monthly basis, inflation was flat in August 2020.