Inflation rate jumps to 2.4% after utility hikes - News Summed Up

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Inflation rate jumps to 2.4% after utility hikes


Thursday, November 10, 2016 Inflation rate jumps to 2.4% after utility hikesAfter a massive hike in utility bills, October inflation jumped to 2.4 per cent, the INDEC statistics bureau reported. The most significant increases were registered in Housing and Basic services (10.7%), clothes (3.6%); medical care and health expenses (3.4%) and food and drinks (1.5%). "The result of October index reflects the change of natural gas tariffs for residential users,” the INDEC explained. Private estimates unveiled by opposition lawmakers had placed October inflation at 2.9 percent.


Source: Bueno Aires Herald November 10, 2016 20:07 UTC





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