The Consumer Price Index (CPI) of Argentina stood in October at 33.1% year-on-year, which implies a decline of three tenths compared with the 33.4% recorded in September, according to figures released by the National Institute of Statistics and Censuses (Indec).
By contrast, monthly inflation advanced by three tenths to 2.2% and accumulated in the first ten months of the fiscal year an increase of 26.3%, that is, two points and seven tenths more than the level observed in September. In turn, core inflation recorded an increase of 1.5% in monthly terms and 30.7% in year-on-year rate.
Among the categories that rose in price the most over the past year, housing, water, electricity, gas and other fuels (51.1%) stood out; education (39.4%); and telecommunications (36.9%), which led the biggest price increases.
At the opposite end, the most moderate increases corresponded to clothing and footwear (10%); alcoholic beverages and tobacco (20.6%); and home equipment and maintenance products (23.5%), which were the items with the smallest price rise in October.