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Inflation is moderated to 1.6% in October by fuels

IPC chains 14 consecutive months in positive rates

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Inflation is moderated to 1.6% in October by fuels

The rate of inflation was moderated in October to 1.6%, two tenths less than in September, according to CPI indicator advanced today by National Institute of Statistics (INE). According to agency, those responsible for relaxation of Inflaciónson fuels (diesel and petrol), which have gone up less than y did in October last year. With October, IPC chains 14 months in positive interannual rates.

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Inflation faces final stretch of year at moderate rates, somewhat higher than government envisages, which has repeatedly pointed out that IPC will be around 1% at end of year. In any case, it is far from rates it accumulated earlier this year, when price of electricity and fuels shot index to 3% in January and February. Since n, he has recorded a soft slowdown, with some ups and downs.

In monthly terms, prices rose by October 0.9% over previous month.

For its part, harmonized IPC-which is made with same method in all EU countries in order to make comparisons-was placed in October in 1.7% interannually, a tenth less than in previous month, after a monthly rise of 0.6% compared to September.

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