Inflation remained stable at 6.7% in October for the third consecutive month, according to the National Statistics Institute (INS).
This stability is explained, on the one hand, by the acceleration of the rate of increase in the group “restaurants, cafés and hotels” to 11.1% and in food prices to 9.3% and, on the other hand, by the slowing down of the rate of increase in the group “clothing and footwear” to 9.5%.
On a year-on-year basis, food prices rose by 9.3%. This was mainly due to price increases of 21.4% for sheep meat, 15.2% for dried fruit, 14.1% for poultry, 13.9% for fresh fish, 13.1% for vegetables, 11% for beef and 6.8% for fruit.
In contrast, the price of eggs fell by 5.7%.
Over the year as a whole, industrial goods rose by 6%, driven by a 9.5% increase in the price of clothing and footwear and an 8.1% rise in the price of household goods.
In services, prices rose by 5.4% year-on-year, mainly due to an 11.1% increase in the price of restaurant, café and hotel services.
In October 2014, core inflation (excluding food and energy) rose to 6.3% from 6.2% in the previous month.
Prices for unbound (unregulated) goods rose by 7.7% year-on-year, while prices for regulated goods rose by 3.5%.
Prices of unregulated food rose by 10.3%, compared to 2.4% for regulated food.
