Macroeconomics

Deflation of 0.6% for June

Inflation for June in comparison with May is minus 0.6%, the National Statistical Institute reported.

Inflation from the beginning of the year (June 2019 versus December 2018) was 1.2% and the annual inflation in June 2019 compared to June 2018 was 2.8%.

The average annual inflation for the period July 2018 - June 2019 compared to July 2017 - June 2018 was 3.3%.

INS: Annual inflation rate down to 3.84 per cent in June

Consumer prices dropped 0.23 per cent in June 2019 compared with the previous month and by 2.98 per cent compared with the end of last year (December 2018), while the annual inflation rate went down to 3.84 per cent, because of the drop in prices for food stuffs by 0.47 per cent, non-food stuffs by 0.24 per cent, and the increase in services by 0.17 per cent, according to data released by the N

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