The year-on-year CPI rose by a tenth in October, to 3.1%, and food prices rose to 2.4%
Among the sectors that have pushed prices up in the last month are clothing and footwear, due to rising prices at the beginning of the season; food and alcoholic beverages, due to the rise in fruit, meat, milk, cheese, eggs and oils and fats; and housing, due to the increase in electricity and, to a lesser extent, gas.
The Consumer Price Index (CPI) rose in October to 3.1% year-on-year, a tenth higher than in September and the highest rate since June 2024, mainly due tothe rise in electricity. Food inflation also rose by a tenth to 2.4%.
The National Institute of Statistics (INE) confirms the data advanced two weeks ago and puts the underlying inflation (estimated to exclude fresh energy and food) at 2.5%, a tenth higher than the previous month and the highest rate since December 2024.
The housingsector has mostly driven the year-on-year increase in the CPI, which has grown by 7.5% in one year, mainly due to the increase in electricity.
On thecontrary, the negative impact is on leisure and culture , which has increased by 0.1% in the last year, a point less than the previous month, driven by the lower prices of tourist packages.
Inflation has risen for the fifth consecutive month since May (2%), with the exception of August, when it remained at 2.7%, far from the 1.5% minimum recorded in September 2024, so the CPI is currently at the present time.
Eggs, 22% more expensive than a year ago.
In October, compared to October last year, theprice of eggs (22.5 per cent), coffee (19.4 per cent), beef (17.8 per cent), chocolate (16.1 per cent) and cocoa and chocolate powder (12.7 per cent) has risen the most.
There has also been an increase in guts (8.1%), sheep and goat meat (7.7%), fresh and refrigerated fish (7.2%), butter (7.1%) and nuts (7%).
On the other hand, olive oil is the product that has fallen the most since October last year, 41.6%, although it has increased by 53.7% since January 2021. In the last month it has risen (for the first time since October 2024) 2.7%.
Products cheaper than last year include sugar (13.5%), potatoes (3.4%), pizza and quichés (2.6%) and yogurt (1.8%).
Excluding food, the most expensive items since October last year are garbage collection (30.3%), jewellery (26.8%), combined passenger transport (26.7%) and electricity (18.7%).
By contrast, the biggest declines were in national tourist packages (6.4%), audiovisual equipment (6%) and personal computers (4.9%).
Since September prices have risen 0.7%
From September to October the CPI has risen 0.7%. The prices of train travel (12.3%) and fruit (12%) have risen the most, and the prices of national tourist packages (10.9%) have fallen the most.
Among the sectors that have pushed prices up in the last month are clothing and footwear, due to rising prices at the beginning of the season; food and alcoholic beverages, due to the rise in fruit, meat, milk, cheese, eggs and oils and fats; and housing, due to the increase in electricity and, to a lesser extent, gas.
The group that has pushed the price down the most has been leisure and culture, mainly due to the decline in tourist packages.
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