Confcom, October inflation towards 5%

"The international situation remains very complicated. The continuation of tensions throughout the energy supply chain exacerbates fears of an acceleration of inflation. Our estimate for the October inflation rate is 4.7% (Nic). 5% is, unfortunately, in sight. Core inflation will also exceed 2%. It is not a destiny and everything remains possible. However, the space to avoid the aforementioned terrible results is narrowing with each passing day with a Brent between 100 and $110 a barrel." But in the meantime consumption and GDP are holding up. These are Confcom's forecasts.