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Thursday, December 1, 2022

October inflation slowed to 0.21%

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So far this year, the CPI accumulated was 8.88%. In the most optimistic versions, from the latest BCU Inflation Expectations Survey published on October 18, the market expects the annual price increase to reach around 9% in all of 2022. The data for November and December still remain.

What was the inflation in each item?

In Food and non-alcoholic beveragesthe segment with the highest incidence, prices went down (-0.14%), with strong increases in fruits (3.54%) and dairy products (1.62%), which were offset by -1.78% for meat and -1.78% for legumes and vegetables.

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The Clothing and Footwear they bid up, with a 1.31%; like the Housing (0.18%)which is mainly explained by the increases in rents (0.71%).

In Transportationdeflation was -0.81%. The significant increases in ship tickets (42.79%) were not enough to leave a positive balance, compared to the falls in gasoline (-3.83%) and plane tickets (-10.82%) .

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The segment of Recreation and Culture showed an increase in 2.36%; while the Restaurants and Hotels suffered an increase in 0.7%.

Source: Ambito

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