According to him, the inflation rate rose again for the third month in a row in September, rising to 3.5%, almost a point above (nine tenths more) the 2.6% rate recorded in August. CPI leading indicator Published this Thursday by National Institute of Statistics (INE). The increase in the CPI in September is, first of all, a consequence of the increase in prices. electric and to a lesser extent, blisters This month, as expected in INE’s statement.
The expected inflation figure for September is 3.5%, the highest since last April (4.1%) and is provisional until INE announces inflation. Exact data for October 13; then the details of the monthly variation of each of the different prices during this month will be known; the food.
In September 2022, electricity prices decreased compared to August. electric (-17%) and fuels (-1.2%). But in September 2023, the opposite happened: both energy productsIt has become more expensive as its weight in the shopping cart increases. Average price per kilowatt dropped while waiting for final data average 7% increase So far in September compared to the average for August.
Increase in energy prices in September 2023 and base effect It is the main reason why the consumer price index (CPI) in September recorded a monthly increase of 0.2% compared to August (compared with the previous decrease of 0.7% recorded in September 2022) and the annual inflation rate is almost a points increased to 3.5%.
For your part, Core inflation It continued to fall by three-tenths in September (excluding the most volatile energy and unprocessed food prices), falling to 5.8%, the lowest rate since June 2022.
From the government’s perspective, the overall inflation rate of 3.5% allows Spain to be among the countries with the lowest inflation and highest growth in the Eurozone for more than a year. The Ministry of Economy believes that the economic policy measures adopted by the Government will contribute to the competitiveness of companies, market share gain and increasing purchasing power of wages.
Source: Informacion
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