According to the local Consumer Price Index, issued by the Central Bank, the country’s rate of inflation during August was 0.57% over the rate recorded during July. So far this year, inflation during the first eight months registered at 1.77%.
Inflation rates between August 2016 through August 2017 registered at 3.18%, below the 4.0% (± 1.0%)-rate established by the country’s monetary authorities.
The Bank explained that the rate increased was influenced by the construction industry (2.37%), transportation (0.77%) and education (2.10%). It also explained that to a lesser extent the communications industry (1.13%), food and non-alcoholic beverage industry (0.09%), health (0.34%), and restaurants and hotels (0.18%).