According to pre-published data by the INE, annual inflation fell by 1.6 points from September to October.
Euskaraz irakurri: Urte arteko KPIa hirugarren hilabetez jaitsi jarian da, eta % 7.3an dago
The Spanish state’s consumer price index (CPI) rose four-tenths in October from the previous month, suddenly cutting its year-over-year rate by 1.6 points to 7.3%, according to advances data released this Friday. are published by the IN.
The data for October should be confirmed by Statistics by the middle of next month. If confirmed, it would be 3.5% lower than the peak reached in July last year, when the year-over-year CPI was 10.8%, the highest level since September 1984.
With this moderation of 1.6 points, inflation adds three consecutive months of declines to its year-over-year rate, after falling three-tenths to 10.5% in August and 1.6 points to 10.5% in September. 8.9%.
According to the INE, the moderation in the year-on-year CPI to 7.3% is mainly due to the decline in electricity prices and to a lesser extent to lower gas prices.
On a monthly basis (September to October), the CPI rose by four tenths.
Core inflation remains at 6.2%
The estimated annual rate of variation of core inflation (general index excluding unprocessed foods and energy products) remains at 6.2%.
Core inflation in August reached its highest level since January 1993 (6.4%).
In the month of October, the estimated annual percentage variation of the Harmonized Index of Consumer Prices (IPCA) was 7.3%, more than one and a half points lower than the previous month. For its part, the estimated monthly variation of the IPCA was 0.1%.
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Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
