The price increase is mainly attributed to the conclusion of the summer sales, a typical phenomenon occurring from July to August. As Statec highlighted, if sales variations had not factored into their calculations, the price increase would have been limited to 0.3%.
Usually fuel prices would contribute to the consumer price index's rise, but this was not the case in August as fuel prices experienced a drop compared to July. The annual rate has also experienced a small decrease at 1.6%.
Statec's predictions estimate that the next salary indexation will take place in the fourth quarter of 2019.
