Friday , October 22 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.

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