Inflation fell for the first time in several months in September to 9%, the lowest level since last May.
In recent weeks, the slightly cheaper price of electricity and the drop in gasoline prices have allowed the CPI to fall below 10% for the first time in more than three months.
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Although the 9% general indicator advanced by the INE is provisional data, if confirmed it would specifically mean a decrease of one and a half points in the annual rate if we take into account that in August the variation was 10,5%.
According to some experts at the INE, this trend is mainly due to “the drop in electricity prices, which rose in September 2021”. They have also highlighted the importance, to a lesser extent, of “the drop in fuel prices compared to last year’s increase”, as well as “the drop in transport”.
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On the other hand, The estimated annual rate of change in underlying inflation, the general index excluding energy products and unprocessed foods, has decreased by two-tenths, to 6,2 percent, after fourteen consecutive months of growth. Finally, consumer prices recorded a monthly rate of -0,6 percent in September compared to August.
