Inflation picked up to 6.3% in October after remaining stable at 6.2% during the previous two months, announced the National Institute of Statistics (INS).
This rise is mainly due to the acceleration of the pace of price increases in clothing and footwear (8.6% compared to 7.8% last month) and education products and services (7.8% compared to 6.1% in September).
In addition, a slight deceleration is observed in the annual rate of increase in food prices (7% compared to 7.2%).
Inflation in food products
Food prices rose by 7% in October 2021 year-on-year. This is explained by the increase in prices of poultry by 27.3%, olive oil by 23%, &eggs by 14.4%, fresh fruit by 13.7% and fresh fish by 8.3%.
On the other hand, the prices of beef and sheep are down, over a year, by 4.3% and 2.9%, respectively. The same is true for dried fruit prices, which dropped 7.1% year-on-year. The prices of dried fruit are also down.
Manufactured goods and services
Over a year, prices for manufactured goods rose in October by 7.5% as prices for pharmaceuticals increased by 8.5%, building materials by 12.4%, apparel products by 8.6%, and routine household maintenance products by 5.9%.
For services, prices grew 4.6% due to price increases in restaurants, cafes and hotels services by 6.5%, health services by 6% and rents by 4.5%.
Core inflation and framed product inflation
The core inflation rate (excluding food and energy) rose to 6.3% from 6% the previous month.
Free (uncontrolled) product prices rose 6.2%, while controlled prices rose 6.7%. As for free food products, they went up 7.5% compared to 4.3% for controlled food products.
