NewsWhore
11-13-2006, 03:50 PM
The Central Bank reports that the Consumer Price Index (CPI) for October, which is based on prices from September, experienced a variation of 0.10% due to price increases in food, alcohol and tobacco. The CPI for September was -1.10%. The increases in these products were offset by decreases of 1.43% in premium gasoline and 2.73% of regular, reflecting a decrease of 0.42% in transport. The Central Bank says that these figures place the accumulated inflation rate for the first 10 months of the year at 3.57%, which in fact allows the country to end the year with its goal of a single-digit inflation rate. The Central Bank also reports that the October 2005-October 2006 inflation rate was 3.68%. The increased cost of alcohol, food and tobacco was attributed to the fact that chicken broth (5.95%), white sugar (8.05%) beans (7.69%), red beans (2.50%), eggs (3.46%) and green beans (4.49%) all went up in price.
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