Within the goods component, food cost advanced 3.5 percent in November, following a 2.7 percent rise in October and prices of non-food products rose 4.2 percent, after a 4.1 percent gain in the previous month. Meanwhile, services inflation slowed to 3.8 percent in November from 4 percent in October.
Annual core inflation rate climbed to 3.4 percent in November from 3.1 percent in the previous month. It was the highest rate since June 2017.
On a monthly basis, consumer prices increased 0.5 percent in November, compared with a 0.4 percent gain in October and matching market consensus. There were rises in prices of both food (1 percent vs 0.6 percent in October) and non-food products (0.4 percent vs 0.5 percent) while services costs were unchanged (vs -0.1 percent in October).