NewsWhore
03-16-2011, 04:10 PM
The accumulated inflation in the first two months of the year was 2.46%, and February closed at 1.20%. The measurement was based on the new basket that is used by the Central Bank to calculate the Consumer Price Index. The Central Bank also reported that the February 2010-February 2011 inflation rate was 7.29%. The latest report on the Consumer Price Index said that the new figures were strongly influenced by increases in the prices with the greatest impact on the basket of goods and services. According to Listin Diario these are Transport, Foods and non-alcoholic drinks, and Housing, which make up 83.3% of the indicator. All of these items experienced significant increases due to the rise in the price of oil and the main farm commodities, defined by the Central Bank as "Imported inflation".
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