In October 2020, inflation was -0.06 percent – Sectors – Economy


Second National Statistics Department (Danish), inflation in October It was -0.06%, lower than that of the same month of 2019, which reached 0.16%.

(You may be interested in: “Entrepreneurs expect up to $ 1 trillion in December”).

As for the current year, this was 1.38% and 1.75% annually; the latter was 2.11 percentage points lower than that recorded in the same period of 2019, when it reached 3.86 per cent.

Juan Daniel Oviedo, director of Dane, explained that the monthly behavior of the consumer price index (CPI) in October was mainly explained by the monthly change recorded in the divisions of education (which at –2.48 per cent was the lowest) e food and non-alcoholic drinks (–0.32 per cent).

In education, In his opinion Dane, the biggest price decreases last month were for enrollments and enrollments in technical, technological and university careers (-8.96 per cent); enrollment and enrollment in postgraduate courses (-1.58%) and other expenses for higher education (-0.03%).

Year-to-date change in inflation (1.38%) was 2.05% lower than that reported in the same period last year, when it was 3.43%. The divisions that most explained this behavior were those of food and soft drinks and housing, water, electricity, gas and other fuels.

Referring to annual variation of the CPI (1.75 per cent in October), this is explained by the variation observed in the divisions of housing, water, electricity, gas and other fuels and food and soft drinks. It is important to note that the annual is one of the starting points for negotiating the minimum salary next year.

(Further: ‘In raising the minimum wage, businessmen demand caution and balance’).


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