Provisional estimates showed lower fuel and lubricant cost drove the fall in consumer prices in August. In July, the inflation rate was recorded at -0.3 percent.
On a monthly basis, the inflation rate slowed to 0.1 percent in August from 0.3 percent in the previous month.
The EU-harmonized consumer prices are expected to fall 0.5 percent year-on-year in August and rise 1.0 percent month-over-month.