Transport prices dropped 5.4 percent over a year earlier (-3.5 percent in July) due to fuels and lubricants while housing and utilities’ prices decreased 1.9 percent (-0.1 percent in July) due to lower electricity and heating oil cost. In contrast, prices of food and non-alcoholic beverages went up 1.9 percent (1.4 percent in July) mainly due to legumes, fresh vegetables and olive oil.
On a monthly basis, prices fell 0.3 percent, following a 0.9 percent decrease in July. Again, prices of transport (-2.3 percent) and housing and utilities (-1.3 percent) together with clothing and footwear (-1.3 percent) were the main contributors to the fall.
The harmonized index decreased 0.4 percent from July and fell 0.5 percent from August of 2014, matching preliminary estimates.