Among the items that generated this slight increase are transportation and within this category, low-octane gasoline.
The National Institute of Statistics and Censuses (INEC) reported that monthly inflation in October 2021, compared to September 2021, was 0.21%. Meanwhile, annual inflation (from October 2020 to October 2021) reached a rate of 1.47%. While the accumulated inflation of the year (January to October 2021) was 1.51%.
The products that contributed the most to this slight rise in monthly inflation have been the item of transportation (0.12%), food and non-alcoholic beverages (0.03%) and furniture and household items (0.02%). Within the transportation issue, the products that generated the increase were low octane gasoline, air travel and automobile.
Additionally, in October 2021 the cost of the Basic Family Basket (CFB) was $ 712.12, while the monthly family income of a typical household was $ 746.67, which represents 104.85% of the cost of the CFB.
According to the INEC, when analyzing the annual inflation values of the member countries of the Andean Community of Nations (CAN) and the Southern Common Market (MERCOSUR), it is observed that, As of September 2021, the last month available on the date of the bulletin, Ecuador is in second place below the average.
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