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Consumer prices in January: Annual inflation down to 1.7%
17-02-2017 | STATEC

In January 2017, the consumer price index decreases by 0.6% compared to the previous month. As every year in January, winter sales have influenced the monthly results. On the other hand, oil prices continued to recover as at the end of 2016. When neutralizing the price declines due to sales, the index shows a monthly increase of 0.3%. The renewed price pressure is confirmed with an annual inflation rate which rises from 1.1% to 1.7%.