Shoot balances inflation to -0.7% in July – publico

                 

                         
                     

                 

 
                         

The monthly variation of the Consumer Price Index (CPI) was -0.7% in July, compared with -0.1% in the previous month, according to data released Wednesday by the National Institute of Statistics (INE).

                     

                         According to the INE, “ class with largest negative contribution to the monthly growth rate was similar to the previous month, the clothing and footwear with a monthly change of -14.1% ( -1.9% in the previous month), “with emphasis on women’s clothing (although less significantly than in July 2014).

The drop in prices, explains the institution,” due If the balances in apparel products, maintaining the usual effect this summer period, despite recent legislative changes that eliminated the official times balances “. On the other hand were transport prices (emphasis on international flights), with a monthly change of 2.0% (0.3% in June), but insufficient balance but the fall of footwear clothing.

In July, according to the estimate of Eurostat, the creation of European statistics, the monthly rate of change in the euro area have also been of -0.7%.