The CPI compiled in July 2004 is 234.6 points (May 1988=100), 0.47% lower than in the previous month. The CPI less housing cost is 227.7 points, 0.44% lower than in June.
The index for owner occupied housing went down by 0.6% (effect on the CPI -0.08%). Housing prices rose by 0.7% but changes in the system of the State Housing Financing Fund caused a decrease in the interest rate from 5.1% to 4.8% which led to a fall in the user cost by 1.35% (-0.17%).
Summer sales have widely started leading to a 7.8% fall in prices of clothing and footvear (-0.45%). Prices of petrol and diesel oil fell by 2.3% (-0.1%).
The CPI in July 2004 is 3.6% higher than in July 2003 and the CPI less housing cost is 2.7 per cent higher. The CPI rose by 1.1% over the last three months equivalent to an annual inflation of 4.6% (CPI less housing cost 3.2%).
The credit term index in August 2004 is 234.6 points. The old credit term index is 4.632 points in August 2004.
