Interannual inflation in Puerto Rico fell six tenths to 2.7% in October, according to data from the Department of Labor and Human Resources (DTRH). It is the lowest inflation in the last three months. This fall in inflation is due to a decrease in the price of gasoline and more moderate increases in food prices. The price of gasoline, which had been recording sharp declines for six months and rose 1.4% in September, decreased 2.1% in October when compared to the same month last year. The price of clothing also decreased (-0.2%).
On the other hand, food prices rose 5.1%, the smallest increase in two years. The sharp drop in the price of eggs stands out, which in October cost 9.4% less than 12 months ago.
The drop in inflation is due to a decrease in the price of gasoline and more moderate increases in food prices. The price of gasoline, which had been recording sharp declines for six months and rose 1.4% in September, decreased 2.1% in October compared to the same month last year. In Transportation the index reflected a decline of 0.1% in October 2023. The greater decrease occurred in the subgroup Private Transportation (0.4%). This change was mainly caused by the member Motor fuel and others (1.3%); reflected in the reduction in the price of gasoline.
Percentage of Annual Change in the Consumer Price Index by Major Groups
