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CPI increased 10bp.

Summary: In August, headline CPI increased 10bp to 7.6% YoY

In August, headline CPI increased 10bp to 7.6% YoY, as was flagged by the recent weekly inflation prints. Component-wise, the pick-up in food inflation (to 10.3% YoY) on the back of price gains on products that were affected under the recent extension of trade restrictions was the main driver, with meat and fish adding almost 20bp to the acceleration in headline CPI. The slower indexation of regulated tariffs and moderating gasoline inflation helped to dampen to some extent the impact of rising food prices, shaving about 10bp off the headline CPI.

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Publication:EMBIN (Emerging Markets Business Information News)
Date:Sep 7, 2014
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