Core inflation grows more
Core inflation, seen as a better parameter to measure the trajectory of prices because it eliminates high volatility products, reached a monthly increase of 0.63% and 8.42% annually, slightly below expectations and above the general INPC.
Within the core component, merchandise prices rose 0.87% and services 0.33%. The item of food, beverages and tobacco, however, grew at a monthly rate of 0.69% and reached an annual increase of 13.95%.
Meanwhile, the non-core index grew 0.38% at the monthly rate and 8.36% at the annual rate. Where the prices of agricultural products fell 0.52% and those of energy and tariffs authorized by the government increased 1.17%. The foregoing, to a greater extent, due to the conclusion of the subsidy to the electricity rate program for the summer season in 18 cities in the country where the INPC has coverage.
Electricity up and LP gas down
While electricity prices increased 17.46% at a monthly rate, being the service with the highest increase in October; the price of domestic LP gas decreased 7.28% in the same period.
For their part, other agricultural products such as potatoes, onions, avocados and oranges also decreased their prices by 16.05, 18.39, 16.22 and 17.25% per month, respectively.
Mobile telephony was another service that also became cheaper, by lowering rates by 4.17%.
On the contrary, the tomato had a monthly increase of 18.80%, the tortilla of 1.62%, the low octane gasoline rose 0.67% and the pasteurized and fresh milk suffered a rise of 1.53%.
