Cost of food and beverages fell 0.66 percent from the previous year, the first drop since July 2006 and following a 1.13 percent gain in June. Additional downward pressure came from furnishings and household equipment (-0.05 percent from -0.72 percent in June).
In addition, prices rose at a slower pace for: Transport (1.80 percent from 1.85 percent in June); health (7.19 percent from 7.44 percent); clothing (2.20 percent from 2.24 percent); and education (7.94 percent from 8.00 percent). Meanwhile, housing inflation accelerated to 4.60 percent from 2.62 percent in June.
On a monthly basis, consumer prices rose 0.24 percent, also above market consensus of 0.19 percent and following a 0.23 percent drop in June. Prices rose for housing (1.64 percent from -0.77 percent in June) and transport (0.34 percent from -0.52 percent), but fell for food and beverages (-0.47 percent from -0.50 percent).