According to the bulletin, for the month of december 2023, the General Consumer Price Index in december 2023 was 129.34, presenting a monthly decrease of 0.76%, such variation being 0.90 percentage points lower with respect to the result of november 2023, which had an increase of 0.14%.

These data are supported by decreases in Transportation, Furniture and household goods and ordinary household maintenance, recreation and culture; while alcoholic beverages and tobacco, communications, and restaurant and hotels, registered the main monthly increases.

Among the main price reductions were the following goods and services: air travel showed a 0.58% drop in costs, as did special gasoline, which fell 0.08%, regular gasoline 0.05%, diesel 0.04% and beans 0.03%.

However, the products that increased their prices in the last month of 2023 were: tomato with an increase of 0.05%, onion 0.03%, orange 0.03% and lemon 0.02%.

The largest increases were seen in restaurant and hotel services, which presented a fairly significant increase of 5.82%, as did alcoholic beverages and tobacco which rose 4.36% and health services with 2.98%.

For the twelfth month of 2023, a monthly variation of lesser magnitude was observed with respect to that of december 2022, where growth was 0.11%, explained by increases in Food and non-alcoholic beverages; restaurant and hotels; accommodation, water, electricity, gas and other fuels; and contraction in transportation.

As for accumulated inflation, the CPI as of december 2023 was 1.23%, which is 6.10 percentage points lower than that observed in the same month of the previous year, when it was 7.32%. This behavior is explained by a lower rate of variation in prices, which contributed to maintaining a lower inflation level than that recorded as of december 2022.

Translated by: A.M