NewsWhore
12-14-2011, 02:31 PM
The Central Bank reports that inflation in November was 0.9%, the yearly rate from January to November was now at 7.64% and year-on-year it was 8.63%. According to the bank authorities, the underlying inflation accumulated over the first eleven months of the year was 5.05%. The Central Bank explained that the inflation rate in November was influenced by a decrease in the Food and Beverage sector, which offset the 0.52% increase in Transportation. The end-of-year predictions are for inflation to reach 8% or 8.5% and for GDP to grow by 5%, according to Central Bank governor Hector Valdez Albizu.
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