Fri. Jan 24th, 2020

The CPI falls 0.1% in September and marks the lowest level in three years

The Index of Prices of consumption (CPI) did not experience variation in September in relation to the previous month and cut two tenths its interannual rate, until the 0.1%, its lowest level since August 2016, according to the definitive data published this Friday by the National Institute of Statistics (INE), which coincide with those advanced at the end of last month.

Statistics has attributed the decline in the annual CPI rate in September to lower electricity, gas, fuels, cars, and some foods, such as legumes and vegetables and bread and cereals.

The interannual rate for September is the thirty-seventh positive rate that chains the year-on-year CPI and implies that prices are now 0.1% higher than those of a year ago. With the September data, the interannual CPI continues the downward path after another two tenths fell in August and stood at 0.3%. In addition, the newly known data marks the lowest level in three years.

Core inflation, which does not include the prices of energy products or unprocessed foods, increased one tenth in September, to 1%, which is almost one point above the general CPI.

In the ninth month of the year, the Harmonized Consumer Price Index (HICP) placed its annual rate at 0.2%, two tenths less than in August.

According to the INE, among the groups that contributed in September to the decrease in the year-on-year rate of the CPI are housing, which cut its annual rate by 1.5 points, to -4.8%, due to the reduction of electricity and electricity. gas; transport, whose annual rate fell two tenths, to 0.0%, due to the lower cost of fuels and automobiles; and food, which reduced its annual rate by one tenth, up to 0.9%, due to the reduction of legumes, vegetables, bread and cereals and the stability of fish and seafood prices. On the other hand, fruits became more expensive in September

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