The CPI drops by eight-tenths to 1.5% in September, the lowest figure since March 2021

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Core inflation, in turn, fell by three-tenths to 2.4%, the lowest since January 2022.

OA | EITB media

The consumer price index (CPI) continues to moderate its growth rate, reaching 1.5% of its interannual growth rate in September, eight-tenths lower than in August and the lowest level since March 2021, when it stood at 1.3%.

According to data released on Friday by the National Statistical Institute (INE), the moderation in interannual interest rates is due to the cheaper fuel and, to a lesser extent, at lower costs food and of the electricitycompared to the increase they experienced in September 2023.

For example, the interannual CPI has seen four consecutive months of declines, following increases in March, April and May, which pushed the CPI up to 3.6%.

In monthly terms, from August to Septemberprices fell by 0.6%.

The core inflationwhich excludes unprocessed food and energy products, fell by three-tenths to 2.4% in September, nine-tenths above the general rate and the lowest figure since January 2022.

Advance payment details for September must be confirmed by INE on October 15.

Source: EITB

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