Year-on-year, prices of education rose 1.6 percent, accelerating from 1.5 percent increase in September. Additional upward pressure came from: food and non-alcoholic beverages (+5 percent from +5.6 percent in September); and restaurants and hotels (+2.2 percent, the same as the previous month). Meanwhile, cost of housing and utilities declined by 0.4 percent (from -1.8 percent in September) and transport prices fell by 1.4 percent (from -1.8 percent).
Annual core inflation rate increased to 1.5 percent, the highest in three months.
On a monthly basis, consumer prices rose 0.1 percent, following 0.6 percent gain in September, but beating market expectations of 0.1 percent drop. Prices of housing and utilities jumped 2.5 percent while cost of food decreased 1.7 percent.