Year-on-year, prices of goods fell 1 percent (-0.7 percent in February), as cost of non-regulated energy products dropped sharply by 11.2 percent (from -8.5 percent). In contrast, cost of services went up 0.7 percent (+0.5 percent in the previous month) and services related to transport increased by 0.5 percent (from -0.7 percent).
Meanwhile, core inflation rate (excluding energy and unprocessed food) went up to 0.6 percent from 0.5 percent in the previous month.
On a monthly basis, consumer prices rose by a better-than-expected 0.2 percent, compared with a 0.2 percent drop in the previous month, mainly due to the rise of prices of services related to transport (+1 percent) and of diesel for personal transport equipment (+2.5 percent); these increases were partially balanced by the monthly decline of prices of Fresh vegetables (-2.8 percent).
The harmonized index of consumer prices is expected to decrease by 0.2 percent with respect to March of 2015 and to grow sharply by 2 percent when compared with the previous month.