July 24, 2021

Prices in September rose 2.3% driven by electricity and restoration

Prices in September rose 2.3% driven by electricity and restoration



The September Consumer Price Index (CPI) sand has placed at 2.3%, one tenth higher than that registered the previous monthr, according to the National Institute of Statistics (INE). This result has contributed to the price of housing that has increased by 5.3% while heating oil has also risen more than a year ago along with gas, which fell a year ago.

In this result, they have influenced, according to Statistics, everything related to housing especially the increase in electricity prices against the stability of the previous year. To a lesser extent, the increase in the value of heating oil anticipating autumn and the end of summer. In addition to the gas prices, which in 2017 fell.

On the other hand, the restoration has also had influence. Especially hotels, cafes and restaurants whose prices have risen by 1.9%, one tenth more than in August. This is related to a lower drop in housing prices this September compared to what happened a year ago.

On the other hand, the prices of food and soft drinks have grown less – 1.7% – especially by the downward trend of fruits against the rebound of a year ago, and the lowest rise of vegetables or legumes. On the other hand, there have been increases in fish, shellfish and meat. On the other hand, fuels this month have risen less than a year ago and air transport has dropped more than in August.

Regarding the annual rate of core inflation it has remained at 0.8% and the monthly variation of the general index is 0.2%. In this line, the ÍndiHarmonized Consumer Price Index (HICP) has placed its annual rate at 2.3%, which increases one tenth with respect to the month of August. Similarly, they have highlighted the rise in prices of lso cars against the stability of 2017.

By autonomous communities, Year-on-year prices have risen in nine of them and have remained at five. Only in three of them have the prices fallen. Specifically, the highest price rises have occurred in Castilla-La Mancha, Castilla y León and Extremadura, with increases of two tenths compared to the August figure. On the other hand, Cantabria, Asturias and the Basque Country have seen the CPI fall at an inter-annual rate up to two tenths in the first and one tenth in the other two.


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