After stagnating at 6.7% during the two months of August and September, inflation fell to 6.5% in October, the National Institute of Statistics (INS) announced Tuesday, November 5, 2019.
This decline is mainly explained by a slowing down in the rate of increase of food prices from 7.3% to 6.6%.
In October 2019, food prices rose by 6.6% year-on-year, compared with 7.3% in September 2019.
This rate is explained by the increase by 9.6% in vegetable prices, 7.4% in cheese and eggs, 7.2% in meat, 6.4% in fruit and 6.3% in juice and beverages.
Year-over-year, manufactured goods prices rose 8.0% due to higher prices for household cleaning products by 10.1% and building materials prices by 8.4%.
Core inflation and inflation of administered products
The core inflation rate (excluding food and energy) stood at 6.8% in October, compared to 6.9% in September 2019. Prices for free products (non administered) went up by 6.9% compared
with 4.9% for administered prices.
Free food products increased 7.5% compared to 2.3% for administered-price food products.