Year-on-year, prices rose for food (+0.4 percent in January from +0.6 percent in the preceding month). Cost of fresh food increased 2.2 percent, down from 3.1 percent in December while other food products rose 0.2 percent, unchanged from a month earlier. Cost also increased by 1.0 percent for services, unchanged from a month earlier. In contrast, cost declined for energy (-4.0 percent from -4.7 percent) and manufactured products (-0.1 percent from -0.3 percent).
On a month-on-month basis, consumer prices are expected to fall by 1.0 percent.
The harmonised index of consumer prices is set to rise 0.4 percent year-on-year in January 2016, following a 0.3 percent growth in December 2015. On a monthly basis, consumer prices should fell by 1.0 percent, as compared to a 0.2 percent rise in the preceding month.