These are preliminary data, to be confirmed on October 13. Core inflation, on the other hand, has fallen by three tenths and stands at 5.8%.
Consumer prices rose in September 3.5% in annual rate (an increase of 0.2% in the monthly rate), due to the increase in the cost of electricity and fuel.
Faced with this, the annual percentage rate of Underlying inflation –the general index without food or energy products– has fallen by three tenths 5.8%This is evident from data from the consumer price index (CPI) released on Thursday by the National Institute of Statistics (INE). The final CPI data for September will be released on October 13.
The evolution of the general index, the INE explains, is mainly due to the increase in electricity prices, which fell in September 2022. Also notable, albeit to a lesser extent, is the increase in fuel prices, compared to the recorded decline. in September of the previous year.
This is the third month in a row in which annual inflation has increased the largest single-month increase since June 2022.
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.
