one for lime and the other for sand interest rates. this inflation In Spain, it fell to 9% year-on-year in September, one and a half points below the 10.5% reached in August, and slightly far from the 10.8% ceiling set in July. Instead, while the annual rate in Germany rose to 10%, World War II
The reaction of the markets to the increase in the prices of the European locomotive was sudden and they fell into the red. Ibex, Spain’s main stock market benchmark, fell 1.91% and hit a new annual minimum. This development of the general level of prices in the main economy of the European Union (EU) confirms the possibility of further increases in interest rates of the European Central Bank (ECB).
Consumer prices in Spain fell in September, according to preliminary CPI data released this Thursday by the National Institute of Statistics (INE). six-tenths compared to Augustthis allowed the annual rate to be reduced to 9%.
The leading indicator needs to be definitively confirmed on 14 October, in which case it would be the lowest inflation rate since last June when it was above 10%, the highest percentage in the last 37 years.
Electric
By mid-October, the detailed evolution of each of the components that make up the CPI shopping cart will be known, but in this Thursday’s note INE estimates that the moderation in September inflation was mainly driven by the following. monthly decrease in electricity prices, Raised in September 2021.
Also, to a lesser extent, the monthly decline in fuels has had an impact on the year-on-year increase and the decline in transportation.
The estimated annual rate of change in core inflation (the general index that does not include the most volatile prices of unprocessed food and energy products) also fell by two-tenths to 6.2%.
Despite the tensions in the energy markets, the Ministry of Economy, decreasing trend In the absence of new events, inflation will continue in the coming months. From the government’s point of view, moderation in the inflation rate highlights the positive impact of measures taken to moderate the rise in prices, particularly those aimed at promoting public transport.
raises
German inflation reached the 10.0% annualized threshold in September due to rising energy and food prices in the context of the war in Ukraine, according to provisional figures released on Thursday. These are levels not seen since WWII.
According to the statistics institute Destatis, the consumer price index (CPI) increased by 2.1 points year-on-year compared to the August measurement. The harmonized price index, which is a reference to the European Central Bank (ECB), was +10.9 percent.
This development of prices on the European engine, which some analysts predict is already in recession, caused the stock markets to crash. Spaniards dropped 1.91%, reaching a new annual minimum.
The ECB is determined to bring eurozone inflation back within its mandate to 2 percent, twice since July, an overall increase of 1.25%, and further measures are planned in the coming months.
head of the German government, Olaf SchoolOn Thursday, it announced the release of €200,000 million ($193,000) to definitively limit energy prices weighing on households and businesses.