In July 2017, the Consumer Prices Index (CPI) declined by 0.3% over a month, after a stability in June. Seasonally adjusted, it was unchanged for the second consecutive month. Year on year, consumer prices rose as much as in June (+0.7%). Over a month, the decrease in prices came from a significant downturn in manufactured product prices due to the summer sales and from a further drop in energy prices. Contrariwise, services prices accelerated sharply owing to rising airfares and accommodation prices during summer holidays. Food prices recovered slightly after a downturn in the previous month. Seasonal fall in ... (full story)