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Wednesday, May 25, 2022

Accrued Inflation Stays Constant

Inflation last month clocked in at 0.63%, slightly lower than August, but placing accrued inflation so far this year at 7.04% – identical to inflation at this point last year, when inflation for the year reached 9.43%.

Leading the inflation growth were health-care costs, restaurant prices and transportation, the cost of which has risen 9.48% so far this year, according to the National Statistics and Census Institute (INEC).

Though inflation is on course so far to tie with last year’s numbers, inflation in the past 12-month period is down 1.81%.

 

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