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Inflation rose two-tenths in September to 2.9% due to rising fuels and electricity

With regard to underlying inflation (without processed food or energy products), the estimated annual variation rate has fallen by a tenth, to 2.3 per cent.

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Inflation rose two-tenths in September to 2.9% year-on-year, mainly due to lower fuel and electricity prices than in the same month of 2024.

On Monday, the National Institute of Statistics (INE) published the advanced consumer price index (CPI) data for September, which, if confirmed, would increase for four months  (except in August, which has remained stable) from the May minimum (2%).

With regard to underlying inflation (without processed food or energy products), the estimated annual variation rate has fallen by a tenth, to 2.3 per cent.

CPI

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