Consumers prices index increased by 0.6% in October. Inflation increased from 2.8% y/y in September to 4.0% y/y in October. Growing prices of food products and natural gas were the biggest contributors. The increase in inflation had been anticipated; however, the estimation of its extend depended on food product prices. Monetary-political inflation also moved significantly upward but corrected inflation without fuels, which is another determinant of inflation for the central bank, still remains low. Preventing inflation expectations will be fundamental for the central bank, in particular after further inflation increase at the beginning of next year. Changes in tax and regulated prices could move inflation to 6%.