Inflation returned to 7% yoy in August

According to the Committee on Statistics, inflation in August continued to slow down to 0.1% mom from 0.3% mom in the previous month. On an annualized basis, price increases slightly corrected to 7% from 7.1% in July. Taking into account the seasonal adjustment (sa), according to our estimates, inflation eased to 0.4% mom from 0.6% mom.