2006News

CPI drops

The Central Bank has informed that the consumer price index (CPI) for September registered a negative rate of -1.10% in relation to the month of August, due to the decrease in petroleum prices. This figure places the inflation rate through the first nine months of the year at 3.46%, and placed the 12-month inflation rate between September 2005 and September 2006 at 4.73%. This averages out the inflation for the last 12 months to 7.80%. The Central Bank is confident that these figures are an indicator that the year will end with a single digit inflation rate, which is their goal. The transport sector experienced the largest decrease at -6.77%.