CPI for July lower than expected

The Consumer Price Index compiled in July 2004 is 234.6 points (May 1988=100), 0.47% lower than in the previous month, most analysts had predicted a change of 0.0% to 0.2%.


CPI
Current Value | 234,6
12 Months Change* | 3,6%
3 Months Change* | 4,6%
Last Month Change* | -0,5%
The discrepancy is mostly attributable to changes in the system of the State Housing Financing Fund. The index for owner occupied housing went down by 0.6% (effect on the CPI -0.08%). Housing prices rose by 0.7%, but the aforementioned system changes overrode that.

* Annualized rates