Inflation accelerated to 3.6% in December and accumulated a rise of 33.6% in 2020, according to estimates by consultancy Orlando Ferreres. Meanwhile, core inflation (which takes neither seasonal effects nor government-regulated prices into account) advanced at a monthly rate of 3.8%, marking an annual increase of 35.7%.
According to the private consultancy’s Consumer Price Index (CPI), the main increases during the last month of the year were perceived in the health items (7.3%), clothing (5.2%) transport and communications (4.4%). For their part, food and beverage prices climbed by 4.2% and explained most of the overall inflation of the period, because it is the highest incidence in the CPI. The equipment and home operation division, which had been yielding high increases, this time presented an adjustment of just 1%. Below-average increases in education, various assets, housing and recreation were also found.
Finally, regulated goods and services varied by 2.9% per month, while seasonal goods and services yielded a 4.4% monthly increase.
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