The inflation rate continued to decline, albeit at a low level, in November 2019.
According to figures published by the National Statistics Institute (INS) on Wednesday, December 4, 2019, inflation stood at 6.3% in November down from 6.5% last month and 6.7% in September.
This drop is mainly explained by a slowing down in the rate of increase in food prices from 6.6% to 6.3%, as well as lower inflation in the transport group (2.9% compared to 3.4% in the previous month), said INS.
Food prices rose by 6.3% year-on-year In November 2019 (6.6% in October 2019). This rate is explained by the increase in meat prices by +11.1%, cheese and eggs by +7.7%, and fruit by +6.4%.
Over one year, the prices of manufactured products increased by +7.8% due to the rise in the prices of household cleaning products by +9.8% and in the prices of building materials by +8.1%.
Core inflation and inflation of administered products
Core inflation (excluding food and energy) stood at 6.7%, compared with 6.8% in October and 6.9% in September 2019.
Prices of free (non administered) products grew by +6.7% compared to +5.0% for administered prices
Free food products went up by +7.2% compared to +2.3% for administered food products.