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In one year, the Consumer Price Index (CPI) should rise by 2.1% in June 2024, compared with a 2.3% increase in May, according to a preliminary estimate at the end of the month. The slight decline in inflation is probably due to a slowdown in food and energy prices in one year. On a year-on-year basis, prices of services, manufactured goods and tobacco should rise at the same pace as last month.
Looking at the month, consumer prices should remain broadly stable in June 2024 (0.0% in May, +0.1% thereafter). Prices of services and manufactured goods should rise slightly; energy prices (especially petroleum products) and food prices should be expected to fall. Tobacco prices should be expected to remain stable this month.
In June 2024, the Harmonized Index of Consumer Prices should rise by 2.5% year-on-year, compared to 2.6% in May. In one month, it should rise by 0.1%, the same as last month.
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