Year-on-year price growth has slowed significantly in the last two months. Significantly lower growth was recorded for prices of goods, mainly owing to lower growth in prices of all categories of non-energy industrial goods. The growth of prices of semi-durable goods moderated the most, while prices of durables dropped year on year again after modest growth. A significant contribution to the lower total year-on-year price growth also came from lower growth in food prices and lower prices of oil products. Growth in services prices maintains its high level amid solid household consumption.