October inflation was 3.3% and accumulated 50.5% in one year

October inflation slowed to 3.3% according to the latest report from the National Institute of Statistics and Census (Indec). With this data, the accumulated of 2019 reached 42.2% and in the last twelve months 50.5%. The decline in inflation in October was driven, to a large extent, by lower increases in the food sector: they rose 2.5% compared to 5.7% in September.

Oil companies get ARG$24.5 billion in compensation for devaluation

The National Gas Regulatory Entity (Enargas) approved on Thursday the compensation for the oil companies for the differences between the price paid by the distributors and the value of the natural gas included in the tariff schedules in force between April 1, 2018 and March 31 this year. The original debt amounted to 19.5 billion pesos, but they will end up transferring 24.5 billion since the amount was updated by the passive rate of the National Bank.