October Inflation Is Entrenched Around 2%, with Food and Fuels as Engines
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October inflation is set to close at around 2%, driven by increases in food and drink, according to estimates by different private consultancies. Surveys in recent weeks show that, while price hikes in gondolas continue, the pace of increases began to moderate in some countries.
Private consultants recorded more moderate increases in prices during the last weeks of October. However, meats continued to be one of the main pressure factors, explaining a quarter of the average variation of the last 28 days. Read more
The private consultants project that the price index will close the month at around 2%, with food and drinks among the main engines of the climbs. The Central Bank warned that meat, fuels and tariffs could add pressure during the last quarter of the year. October inflation is headed [...]
Private consultants place the index at that level, with gondolas accumulating eight weeks of uploads and the Central Bank alerting for meat and removing gas subsidies.
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