Inflation accelerates to 1.1% in Nov

Inflation accelerated to 1.1 percent in November, the biggest rise in five months, in line with the central bank’s view that a slowdown in consumer price growth had bottomed out following a run of record lows.

An analyst said the result, a sharp increase from October’s 0.4 percent but still below the 3.7 percent recorded in November last year, was unlikely to prompt the Monetary Board to adjust policy rates next week.