Inflation rose in September up to 3.5%, Due to increasing costs light And fuels, According to data published this Friday by the National Institute of Statistics, which confirms the data announced by INE on September 28. Specifically, the Consumer Price Index (CPI) increased by 0.2% monthly from August; This brought the annual CPI rate to 3.5%, almost a point above inflation in August (2.6%) and the highest since April. (4.1%). HE olive oil It rose again and became 10.1% more expensive than in August. This makes the prices of this food 67% more expensive than last year.
In September 2022, electricity prices decreased compared to August. electric (-17%) and gasoline (-5.8%). But in September 2023, the opposite happened: both energy products with a greater weight in the shopping cart became more expensive. Prices electric In September, it increased by 1.6% compared to August, and although it was still cheaper than last year’s record levels, the cut was 38.3% (electricity in August was 49.6% cheaper than in the same month last year). For your part, gasoline They increased by 2.3% in September compared to August, bringing the annual inflation rate to 15.8%.
Thus, the increase in energy prices in September 2023 and the base effect (compared to the same month of 2022 when it was lowered) constitute the main reason for the consumer price index (CPI) to increase by 0.2% monthly in September. compared to august (compared to a decrease of 0.7% recorded in September 2022) and the annual inflation rate increased by almost one point, up to 3.5%.
group food and non-alcoholic beverages It experienced a change of 0.5% compared to August, and the annual inflation rate remained at 10.5%, the same rate as in August. Especially, olive oil It recorded a new increase of 10.1% in September, bringing annual inflation to 67%.
For your part, Core inflation continued to fall in September (excluding the more volatile prices of energy and unprocessed food), by three tenths, up to 5.8%The lowest rate since June 2022.
Estimated annual rate of change in September harmonized consumer price index (IPCA) is located at: 3.3%, It increased by nine tenths compared to the previous month. For its part, IPCA’s estimated monthly change is as follows: 0.6%.
However, as the Ministry of Economy emphasizes, Spain consolidates itself as one of the countries in the eurozone with the lowest inflation (after reducing it by almost 5.5 points last year) and the highest growth.