According to the report from Federal Statistical Office (FSO), the consumer price index (CPI) fell by 0.2% in January 2020 compared with the previous month, reach-ing 101.5 points (December 2015 = 100). Inflation was +0.2% compared with the same month of the previous year. Economists had expected a 0.1% increase.

The decrease of 0.2% compared with the previous month can be explained by several factors including falling prices for clothing and footwear due to seasonal sales. The prices for medicines and international package holidays also declined. In contrast, prices for hotel accommodation and cars increased.