Inflation rises to 3.5% in September due to electricity and fuel

Inflation rose to 3.5% in September due to the increase in electricity and fuel prices compared to the same month last year. Price increases accelerate at a rate not seen since April, after moderating below 3% since June, according to the calculation of the CPI (Consumer Price Index) of the INE (National Institute of Statistics). The underlying or structural CPI, which excludes energy and fresh food prices because it considers them more volatile…

This was the third consecutive month of increase, after a downward trend in the last year, driven in particular by the rise in fuel and electricity prices.

The Spanish National Statistics Institute justifies the increase in inflation with the rise in the price of fuel and electricity.

This was the third consecutive month of rising inflation (rising prices compared to the same month of the previous year) in Spain, after a downward trend last year. According to INE, the price trend in September was due to the increase in fuel and electricity. Underlying inflation (which excludes energy and fresh, unprocessed foods) was 5.8% in September, three tenths less than in August. Spain closed last year with the lowest inflation rate in …

This is the third consecutive month of rising CPI.

La inflación repunta nueve décimas en septiembre respecto al mes anterior y se sitúa en el 3,5% de tasa de variación anual, según el dato adelantado publicado este jueves por el Instituto Nacional de Estadística (INE). La subida de los precios de la electricidad y de los carburantes está detrás de este incremento. El IPC no subía tanto en un mes desde junio del 2022.Seguir leyendo...