Saturday , June 12 2021

Retail inflation reaches the lowest level of 31 bp in October



Inflation in retail trade fell to a one-year low of 3.31 percent in October on the basis of cheaper kitchen staples, fruit and protein-rich items, as today's official figures show.

Inflation based on the consumer price index (CPI) amounted to 3.7 percent. In September 2018, I 3.58 percent. In October 2017, retail inflation is the lowest since September 2017, when it amounted to 3.28%.

The price growth in the food basket has shrunk by 0.86 percent in October compared to a 0.51 percent increase in September, according to data from the Central Statistical Office. Vegetable prices dropped by 8.06 percent. In October against 4.15%. Shrinkage in September.

Inflation also slowed down to 0.35 percent in the fruit basket, compared to 1.12 percent recorded a month ago. Retail inflation also cooled down protein-rich products such as cereals, eggs, milk and related products.

However, inflation rose 8.55 percent in the "fuel and light" category compared to 8.47 percent in the previous month.



Source link