Inflation took its place strongly in September and realized at an annual rate of 9%one and a half points Below 10.5% reached in August and slightly ahead of the 10.8% ceiling set in July. According to preliminary CPI data released this Thursday by the National Institute of Statistics (INE), consumer prices fell one-tenth in September from Augustthis allowed the annual rate to be reduced to 9%.
The advanced indicator issued by the INE this Thursday should be definitively confirmed by 14 October, in which case It will be the lowest inflation rate since last JuneAt over 10%, it marks the highest percentage in 37 years. The detailed evolution of each of the components that make up the CPI shopping cart will be known by mid-October, but INE in this Thursday’s note estimates that the moderation in September inflation was mainly driven by the decline in electricity prices. Raised in September 2021.
At the same time, albeit to a lesser extent, landing fuelsincrease and decrease in transportation compared to the previous year.
The estimated annual rate of change in core inflation (general index excluding unprocessed food and energy products) also fell by two-tenths to 6.2%.