Inflation holds steady at 4.9% in October following lower fuel prices
Inflation held steady in October. The Consumer Price Index (CPI) placed its year-on-year rate at 4.9%, according to data released by the National Statistics Institute (INE), which cites falling fuel prices as one of the main drivers. Nevertheless, it remains the highest rate since February 2023. In detail, the groups that stood out for their downward pressure include food and non-alcoholic beverages, which placed their annual rate at 2.4%—three-tenths of…
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