Due to the recession, inflation in November slowed to 3.2% (compared with 44% in 2018)


Compared to November last year, Consumer Price Index (CPI) rose to 48.5%.

Data for November were higher than expected by private consultants, who estimated an increase between 2.5% and 2.9%.

The items that increased the most were: with 5.7%; alcoholic beverages and tobacco, with 4.6%; equipment and house maintenance, 3.6% and food and beverages, 3.4%.

Meanwhile,The communication sector grew 3%; recreation and culture, 2.8% and restaurants and hotels, 2.6%.

Among the items that increased the most were: squash, with 48.3%; potato, 31.2%; firm yoghurt, 21.4%; delicious apple, 13.7%; beer, 13.6% and lemon, 10.2%.

According to the Institute for Workers' Statistics (EIT), the cost of living of unionized employees increased by 2.9% month in November and therefore reached an increase of 47.2% in the last twelve months.

On the other hand, the center of economic studies of Orlando Ferreres calculated that the inflation of November was of 2.5% to the month.. He pointed out that the items with the highest incidence were "Food and beverages, along with various goods", with an adjustment of 2.5% and 5.8%, respectively.

Despite the curbing of the inflationary trend, the year will end with a generalized price increase of between 45 and 50%, one of the highest rates in the world and comparable to what occurred in 1991.


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