Inflation Outlook November 2007

13 11 2007

After rising by 0.80% in September 2007, October inflation came in at 0.79% MoM. As such, on a YoY (year-on-on-year) basis, prices rose 6.88% in October from 6.95% in September.

Prices rose in all components of the CPI. The biggest increase was posted by the clothing component (up 2.05%, significantly higher than its level in September of 1.22% MoM), followed by the foodstuffs component (up 1.87% vis-à-vis 1.81% in September), the processed foods component (up by 0.51% vis-à-vis 0.45% in September), the transportation component (up by 0.47% vis-à-vis 0.07% in September) and the housing component (up from 0.18% to 0.21%). However, inflation was lower in the medical care component (down from 0.45% to 0.44%), the education component (down from 1.70% to 0.21% MoM) and the housing component (down from 0.1% to 0.23% MoM). Read the rest of this entry »