| Actual | Previous | |
| Month over Month | 0.7% | 0.6% |
| Year over Year | 2.4% | 2.1% |
| HICP - M/M | 0.8% | 0.6% |
| HICP - Y/Y | 2.7% | 2.4% |
Highlights
Consumer prices are set to rise 2.4 percent year-on-year in August 2026, up from 2.1 percent in July, according to provisional estimates.
The acceleration is mainly driven by faster growth in energy prices, particularly petroleum products, which surged 16.7 percent year-on-year, up from 12.6 percent in July.
The decline in manufactured product prices is set to ease further, to minus 0.4 percent from minus 0.7 percent, while food prices are expected to accelerate slightly, rising 1.1 percent, driven by fresh food with a 5.8 percent increase. Services prices are expected to slow slightly to 2.0 percent from 2.2 percent.
On a monthly basis, consumer prices are expected to rise 0.7 percent, faster than July's 0.6 percent gain. This increase reflects the seasonal rebound in manufactured goods prices, particularly clothing and footwear, following July's decline linked to summer sales. Energy prices should rise again on higher petroleum product prices, and fresh food prices are expected to increase. Services and tobacco prices should hold steady from July.
The overall CPI weighting for 2026 shows food at 1,485, tobacco at 168, energy at 764, manufactured products at 2,388, and services at 5,195 out of 10,000.
The Harmonized Index of Consumer Prices is expected to rise 2.7 percent year-on-year in August, up from 2.4 percent in July. On a monthly basis, the HICP should increase 0.8 percent, up from 0.6 percent in July.