Year-on-year, prices of services are expected to grow 1.3 percent, compared to 1.4 percent in July, as cost of rents is expected to go up 1.2 percent, and food prices to increase 0.9 percent (from +1.1 percent). In contrast, prices of goods are expected to drop 0.6 percent, compared to a 0.7 percent fall in July, as cost of energy fell 5.9 percent (from -7.0 percent in the previous month).
On a monthly basis, consumer prices are expected to be flat, following a 0.3 percent gain in July and below market expectations of 0.1 percent increase.
The harmonised index of consumer prices is expected to increase by 0.3 percent from the previous year. Compared with July 2016, it is expected to fall by 0.1 percent.