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According to the latest report, the January annual increase in retail value was the weakest in the last seven-month period due to the continuing low cost of food. In percentage terms, the increase was 1.5% after the value of 1.8% was recorded in December.
The cost of food on an annualized basis fell 0.5% after the December decline of 0.4%. The deflation of the cost of food was also caused by another factor - a high base of comparison: in early 2017 there was a sharp surge in retail prices during the celebration of the lunar New Year.
The cost of non-food items in the reporting period increased year on year to 2.0% after the December increase of 2.4%.
The annual inflation rate was 1.5%, which was in line with expectations. On a monthly basis, the indicator gained 0.6%, and the December monthly growth was 0.3%. Considering the production cost, it can be noted that on an annual basis, it gained 4.3% after 4.9%. marked in December.