Energy prices are set to increase 0.2 percent in September, compared to 0.8 percent in August; while food prices should advance 2.1 percent, slower than 3.1 percent in the previous month, on the back of fresh food (2.0 percent vs 8.5 percent) and other food products (2.1 percent vs 2.2 percent). Meanwhile, tobacco price inflation is likely to remain unchanged at 8.7 percent, while manufactured products are seen falling at a slower rate (-0.7 percent vs -0.9 percent).
Services prices, which account for almost half of the CPI, are expected to grow 1.3 percent, faster than 1.1 percent in August.
On a monthly basis, consumer prices should fall 0.3 percent (vs 0.5 percent in August). Services prices are set to contract sharply, due to the seasonal downturn in the prices of certain tourism-related services; and food prices should drop after a 0.5 percent rise in the previous month. Contrariwise, cost of manufactured goods should gather pace and energy prices should increase after being unchanged in August.
The harmonised index of consumer prices is expected to rise 1.1 percent from the previous year (vs 1.3 percent in August); and fall 0.4 percent month-over-month (vs 0.5 percent in August).