Year-on-year, prices of food and non-alcoholic beverages increased by 2.6 percent, easing from a 4.2 percent rise in December 2018 and pointing the lowest food inflation in six months. Also, cost advanced at a softer rate for housing and utilities (0.9 percent vs 1.3 percent); restaurant and hotels (3 percent vs 3.1 percent); and clothing and footwear (0.4 percent vs 0.5 percent). In addition, cost fell further for transport (-3.8 percent vs -0.9 percent); and health (-0.5 percent vs - 0.4 percent). In contrast, inflation was steady for alcoholic beverages and tobacco (at 0.1 percent, the same as December), while prices went up faster for education (1.6 percent vs 1.5 percent); recreation and culture (1.1 percent vs 0.8 percent); miscellaneous goods and services (1.6 percent vs 0.9 percent); and furnishing, household equipment & routine maintenance (2.6 percent vs 2 percent). Additionally, cost of communication declined less (-1.5 percent vs -1.9 percent).
Core CPI, which excludes oil and agricultural products, increased by 1 percent year-on-year in January 2019, after a 1.1 percent rise in December 2018.
On a monthly basis, consumer prices declined unexpectedly by 0.1 percent, following a 0.3 percent fall in a month earlier, and missing market consensus of a 0.4 percent increase.