“Based on the information already collected, the year-on-year rate of change in the Consumer Price Index (CPI) will have decreased to 9.9% in November, a rate 0.2 percentage points lower (p.p.) than that observed in the previous month”, indicates the INE.

It should be noted that the value of the CPI without housing will be used to calculate pension updates. The Minister of Finance had already signalled that if inflation were higher than expected by the Government, the value would be corrected next year.