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%.
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.
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