The decline in services costs came in at -0.5 per cent in August, easing from July's -0.8 per cent. This was due to a smaller fall in point-to-point transport services costs and a larger increase in telecommunication services fees.
Electricity and gas costs fell at a slower rate of -14.6 per cent in August, compared with -15.2 per cent in July, due to the slowing down of new subscriptions under the Open Electricity Market . "Hence, as the take‐up of OEM plans slows on a year‐on-year basis, the dampening effect of the OEM on electricity prices also declines," they said.Meanwhile, accommodation inflation remained unchanged in August at 0.4 per cent, while food prices rose at a slower pace of 1.8 per cent.
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