Year-on-year, upward pressure came from: Energy (5.1 percent from 4.8 percent in August); food (1 percent from 0.6 percent), of which fresh food (1.4 percent from -0.8 percent) and other food (0.9 percent from 0.8 percent); tobacco (2.4 percent, the same as in August); and services (1.1 percent from 1.2 percent). In contrast, prices of manufactured products fell 0.4 percent, after a 0.7 percent decline in August.
On a monthly basis, consumer prices are expected to decline by 0.1 percent in September, after a 0.6 percent gain in August. This decline should mainly come from a seasonal rebound in services prices, essentially those of tourism-related services. Moreover, food prices should fall after a stability in the previous month. Energy prices should slow a little, the stability in gas and electricity prices moderating a sharp rise in the prices of petroleum products. On the other hand, manufactured product prices should accelerate after a seasonal rebound in August.
The harmonised index of consumer prices is expected to rise by 1.1 percent from the previous year; and decrease by 0.1 percent from the previous month.