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Inflation Slows Down
The cumulate inflation between
November 2005 and October 2006
–inter-annual– reached 10.09
percent, below the 11 percent
goal for overall inflation this
year set by the Central Bank.
Since December 2003, this is the
first time that the country
returns to the inflation rates
predominant from 1999 through
2003.
Even though two months
remain to be evaluated, the
outcome in the first 10 months
follows the Central Bank’s
expectations.
Between January
and October this year, the
cumulate inflation was 7.24
percent, according to the
National Statistics and Census
Bureau.
“I believe this year we
will have better-than-expected
results, and the Central Bank’s
task is to strengthen this
positive trend for it to grow
strong in 2007,” said Central
Bank chairman Francisco
Gutierrez.
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