The CPI rises two tenths in November, to 5.6%, and remains at a 29-year high

Inflation registered in November stood at 5.6% compared to the same month of the previous year, which represents a rise of two tenths compared to the interannual figure for October and marks a new all-time high since September 1992. It is due the rising cost of food and, to a lesser extent, gasoline.

The CPI stood at 5.4% in October after electricity soared 62.8%

The CPI stood at 5.4% in October after electricity soared 62.8%

Know more

With the data for November, the highest since September 1992, the interannual CPI chains its eleventh consecutive positive rate, according to advanced data published this Monday by the National Institute of Statistics (INE).

According to Statistics, in the interannual behavior of the CPI, the rise in food prices and, to a lesser extent, of fuels and lubricants for personal vehicles stands out, in contrast to the decreases experienced in November 2020.

In contrast, the INE highlights a decrease in electricity prices in November of this year compared to the same month last year.

The INE incorporates in the advance of CPI data an estimate of core inflation (excluding non-processed food and energy products), which increased three tenths in November, to 1.7%, which is almost four points below of the general CPI rate.

In monthly rate, the CPI chained its fourth consecutive rebound, rising 0.4% in November, 1.4 points below the rise recorded in October and its lowest rise since last July.

In the penultimate month of 2021, the Harmonized Consumer Price Index (HICP) placed its interannual rate at 5.6%, which is two tenths more than in the previous month. For its part, the leading indicator of the IPCA rose 0.3% in monthly rate.

The INE will publish the final CPI data for November on December 15.


Source link