The inflationary rhythm slowed for the third consecutive month, as in October the CPI reported a 2.07% year-on-year variation, below the 2.53% reported in September.

The groups with the greatest contribution to the variation of the CPI in October are: Transport, and Food and non-alcoholic beverages. Of the 315 goods and services that make up the consumption basket, 49% increase in price, 40% decreased in price and 11% showed no variation, informed the National Institute of Statistics and Censuses (INEC).

The official report explains that “… During October, the goods and services that showed the greatest negative effect were: gasoline, electricity and potatoes. On the other hand, tomatoes, dental services and tourist packages were among the main ones with the greatest positive effect.

In October of the last ten years, the highest year-on-year variation was presented in 2014 with 5.70%, while in 2015 the only negative year-on-year variation was registered (-0.86%).”

See full report (in Spanish)