September inflation runs at 9.3%

The year-on-year change in the Consumer Price Index (CPI) in September was 9.3%, up 0.4 of a percentage point on the previous month and the highest rate since October 1992, National Statistics Institute (INE) has announced today. “Rounded to one decimal place, this rate coincides with the value of the flash estimate published on 30 September,” said the institute. In September, the indicator of underlying inflation (CPI excluding unprocessed food and energy products) was up 6.9% year on year, a rate that is 0.4 of a point higher than the August figure. It is also “the highest value registered since February 1994,” says INE.