Inflation holds at 4.9% in October despite falling petrol prices
Published
The consumer price index (CPI) remained at 4.9% in October, according to the data available. This is the same level as the previous month and marks three consecutive months above 4%.
The price of petrol fell during the month, but this decline was not enough to curb the overall rise in prices. Other products and services increased and offset the drop, including gas, package holidays and liquid fuels.
The stability of the CPI in October shows that inflation remains high and that the prices of some services and basic goods continue to put pressure on the cost of living. Consumers feel these changes most in spending on items such as energy, travel and transport.
In short, October's figure confirms that inflation has not fallen as expected, even though the price of petrol has improved. Upcoming figures will show whether this trend changes in the coming months.
Sources: Demócrata
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