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.

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Source: Nexofin

Categories: Macroeconomy/Finance