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Inflation Stationary at 14%
The cumulate inflation for the
last 12 months remains near 14%as it has done since
September 2004. The National
Statistics and Census Bureau
published the data for October,
which show that the trend
remains.
The cumulate inflation
between October last year and
last month was 13.94%,
after it went 1.24% up
this October.
Economist Felix
Delgado believes that by the end
of the year the overall
inflation will be between 13.5%
and 14%.
The Central Bank
had forecast an overall 12.7%inflation for the year
2005, but its president,
Francisco Gutierrez (above),
admitted that it is more likely
to be 13%.
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