The consumer price index did not show any major changes in January 2019, as it barely varied by 0.05% with respect to December 2018, mainly because of the Transport and Education prices.

Of the 315 goods and services included in the ‘canasta basica’ (basic consumption basket), 57% increased in price, 36% decreased in price and 7% showed no variation, informed the Instituto Nacional de Estadistica y Censos (INEC) – National Statistics and Census Institute.

The report states that “… During January the goods and services that showed a greater positive effect are: water service, university education and automobile. On the other hand, gasoline, electricity and diesel were the most negatively affected.

In January of the last ten years, the highest year-on-year change was 5.74% in 2013, while the only negative year-on-year change was recorded in 2016 (-0.17%).”

See full report.


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