The National Statistical Institute (INE) confirmed on Tuesday that inflation data advanced two weeks ago. The decline is mainly due to cheaper fuel and food prices.
He Consumer price index (CPI) year-on-year the CAV has fallen up to 1.8% in September mainly due to cheaper fuel and foodwhile prices fell by 0.7% compared to the previous month. Similarly, the interannual rate of the Foral community of Navarre has fallen to 1.1%. In both communities the cheaper prices of products such as oil and sugar are noticeable.
According to data published on Tuesday by the National Statistical Institute (INE), the interannual rate for September represents a decrease of eight-tenths compared to that of August, which in the BAC was 2.6%. In Navarre the decrease was one point, since last month it was 2.2%.
As for the Spanish state data, the CPI slowed down in September 1.5% annuallyeight-tenths less than the previous month, for the cheaper fuel and lubricants. Over the past twelve months, inflation has fallen by two points, with a particularly significant fall in food prices. Among them, oil stands out, which fell by 2.2%.
Core inflation (excluding unprocessed food and energy products) fell three-tenths to 2.4% in September, nine-tenths above the headline pace and the lowest level since January 2022.
Source: EITB
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