The consumer price index (PPI) climbed 6.6% year-on-year in November, at the same pace of rise as in October. In the initial report, the rate of increase was 6.5%. Further, this was the weakest inflation rate since September 2021, when prices had risen 5.9%.
Prices eased for food & non-alcoholic beverages (7.3% vs 8% in October), alcoholic beverages & tobacco (9.9% vs 10.1%), housing & utilities (8.1% vs 8.3%), furnishings & household equipment (5.9% vs 7.5%), communication (6.7% vs 9%), recreation (6.5% vs 7.5%), education (10.4% vs 10.5%) and restaurants & hotels (10.3% vs 11.1%).
Moreover, transportation costs continued to decline (-2.2% vs -7.9%), albeit at a slower pace.
Meanwhile, inflation rose for clothing & footwear (4.7% vs 4. 4%) and health (5.5% vs 5.4%). On a monthly basis, consumer prices moved up 0.7% in November after rising 0.3% a month ago, as estimated.
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