Prices of goods are expected to advance by 2.4 percent in July, compared with 2.8 percent in June, as food inflation is set to slow to 2.6 percent from 3.4 percent. Energy cost is likely to rise at a slightly faster pace (6.6 percent vs 6.4 percent). Meanwhile, services inflation is likely to pick up to 1.6 percent in July from 1.5 percent in the previous month, with cost of rents advancing by 1.6 percent, the same pace as in June.
On a monthly basis, consumer prices are set to rise 0.3 percent in July, after growing 0.1 percent in June and also below market consensus of 0.4 percent.
The harmonised index of consumer prices is expected to rise by 2.1 percent from the previous year; and by 0.4 percent from the previous month.