This text has been automatically translated, it may contain errors or inaccuracies.
INFLATION
Favorite
Remove from my list

the CPI rose by a tenth in October to 3.1%, its highest rate since June 2024

The rise in prices is mainly due to the rise in electricity and transport prices. Underlying inflation has risen by a tenth (excluding energy and fresh food) to 2.5%.

argindarra dorre electricidad-torretas-efe
An electric tower in a file image. Photo: EFE

Theyear-on-year rate of the Consumer Price Index (CPI) rose by a tenth in October, to 3.1%, due to the increase in electricity and transport, according to data advanced today by the National Institute of Statistics (INE), the highest rate since June 2024. 

As a result, he's been on the upward trendfor two consecutive months , having risen to 3% in September. 

According to the INE, the rise in prices is mainly due to higher electricity prices than in the same month last year and higher transport prices, while fuel prices have fallen since last year. 

Underlying inflation (which does not include fresh energy and food) has risen by a tenth in October to 2.5%, which, if confirmed, will be the highest since December 2024. 

From September to October, prices have risen by seven tenths, the largest increase since last June. 

The October advance data will be confirmed by the National Institute of Statistics on 14 November.

You might like

18:00 - 20:00
Live
From  min.

You want to pay less in your income statement? Here are some to consider before the end of the year

Although there are still many months left for next year's income statement, then to pay less to the Treasury, now, before the end of the year 2025, you can take a numberof measures. Two months before the end of the year, Arkaitz Urdapilleta gu has given us some advice to reduce the tax bill, although he has acknowledged that there is not much room in the Basque Country.  

Load more