Inflation rate jumps to 2.4% after utility hikes
After a massive hike in utility bills, October inflation jumped to 2.4 per cent, the INDEC statistics bureau reported.
The most significant increases were registered in Housing and Basic services (10.7%), clothes (3.6%); medical care and health expenses (3.4%) and food and drinks (1.5%).
"The result of October index reflects the change of natural gas tariffs for residential users,” the INDEC explained.
Private estimates unveiled by opposition lawmakers had placed October inflation at 2.9 percent.