The inflation rate stabilized at 5.4% in October for the third month in a row, the National Institute of Statistics (INS) announced Thursday.
This stability is explained by the combined effect of the acceleration in the rate of increase of food prices and the deceleration observed in the prices of transport products and services.
Food prices went up 5.6% in October 2020, due to the rise in prices of vegetables (+13.1%), meats (+7.6%), milk, cheese and eggs (+6.1%) and fish (+5.3%).
On the other hand, olive oil prices have decreased by 12.2% over a year.
Service prices increased by 5.5%. This increase is explained by the growth in prices for food services and cafés (+11.7%), health services (+7.7%) and rents (+5%).
Core inflation (excluding food and energy) fell to 6.1% after 6.3% the previous month and 6.8% the month before.
Prices of free (non-administered) products increased by 5.5% compared with 5.0% for regulated prices.
As for free food products, they went up .8% compared to 4.7% for administered food products.