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The CPI leading indicator places its annual variation at 3.2%
The estimated annual CPI inflation in November 2023 is 3.2%, according to the leading indicator prepared by the INE. This indicator provides a preview of the CPI that, if confirmed, would mean a decrease of three tenths in its annual rate, since in the month of October this variation was of 3.5%. This evolution is mainly due to the decrease in fuel prices and tourist packages, greater than those registered in the same month of 2022. Also influences that the increase in prices of food and non-alcoholic beverages is less than in November of the previous year. In the opposite direction, the decrease in electricity ... (full story)
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