Inflation in November 2021 reached 0.36%, according to INEC

The products that contributed the most to the slight rise in monthly inflation were transportation (0.28%), health (0.05%), restaurants and hotels (0.01%).

The National Institute of Statistics and Censuses (INEC) reported that monthly inflation in November 2021 was 0.36%.

Annual inflation (from November 2020 to November 2021) reached a rate of 1.84%, while accumulated inflation for the year (January to November 2021) was 1.87%.

The products that contributed the most to this slight rise in monthly inflation have been the item of transport (0.28%), health (0.05%), restaurants and hotels (0.01%).

Within the transportation issue, the products that generated the increase were high- and low-octane gasoline, air travel and diesel.

The health division is made up of 26 products and represents 7.34% of the weighting of the Consumer Price Index (CPI) basket. And it was mineral supplements, vitamins and antianemic preparations that led to the rise. So also analgesics and antipyretics; dental and vision services.

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And as for restaurants and hotels, which contains eleven products and represents 7.96% of the CPI, the rise was generated by executive lunches, hotel accommodation, popular lunch and fast food.

Meanwhile, in November 2021 the cost of the Basic Family Basket (CFB) was $ 715.31, while the monthly family income of a typical household was $ 746.67, which represents 104.38% of the cost of the CFB.

The cost of the basic basket increased by 0.45% in reference to the previous month. In the Sierra it was $ 727.46, that of the Coast $ 703.16, Cuenca being the most expensive city with a basic basket of $ 745.55.

On the other hand, the vital basket had a cost of $ 505.32, generating a surplus of $ 241.35 of the family income. The cost of the vital basket increased by 0.18% in reference to the cost of the previous month. (I)

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