The rate stabilized Annual inflation At 3.5 percent last month after hitting a 10-month high of 3.6 percent in August. The percentage is in line with expectations of inflation recording 3.5 percent in a Reuters poll, and exceeds the annual level targeted by the government of between one and three percent.
Government officials largely blame war-related supply problems for the rise in inflation.
The consumer price index rose 0.5 percent in October from September due to higher costs for transportation, clothing, shoes, food and health care. The impact of higher costs has been somewhat offset by falling housing and entertainment prices.
