Consumer Price Index (CPI) fell In November, it decreased one-tenth and the inter-annual rate by half a point compared to the previous month, to 6.8%.CPI reached its lowest figure since January, just before the declaration of war in Ukraine, at 6.1%, according to advanced data released by the National Institute of Statistics (INE) this Tuesday.
The data for November, which should be confirmed by Statistics in the middle of next month, are as follows: Four points lower than the peak reached last July, when inflation hit 10.8%Highest level since September 1984.
With the moderation recorded in November, inflation reached 10.5%, adding four consecutive monthly decreases to its inter-annual rate, after falling by three-tenths in August; It decreased by 1.6 points to 8.9% in September and It fell by 1.6 points to 7.3% in October..
According to the INE, the main reason for the annual CPI decline to 6.8% in November is, falling prices fuels and electric.
The fact that the prices of clothing and shoes increased less in November this year compared to the same month of 2021, due to the new winter season, is also effective in the moderate course of inflation.
The key indicator rose to 6.3%
The INE includes an estimate of underlying inflation in the CPI data preview (excluding unprocessed food and energy products); In November, it rose by one-tenth to 6.3%, remaining five-tenths below the overall CPI.
This underlying rebound occurs after two consecutive months at 6.2%.
On a monthly basis (November to October), the CPI fell by a tenth compared to the 0.3% increase the previous month and the year before.
In the penultimate month of 2022, The Harmonized Consumer Price Index (IPCA) sets its inter-year rate at 6.6%, seven-tenths below that recorded in the previous month. The estimated monthly change of IPCA was -0.5%.
INE will publish the final CPI data for November on 14 December.