October 21, 2020

The September CPI rises one tenth due to electricity prices, but remains negative, at -0.4%


Madrid

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The Consumer Price Index (CPI) rose 0.2% in September compared to the previous month and increased its interannual rate by one tenth, up to -0.4%, compared to -0.5% August, mainly due to the rise in electricity prices and the prices of tourist packages fell less than a year earlier, according to the leading indicator published this Tuesday by the National Institute of Statistics (INE).

With this advance of one tenth, the interannual CPI chains two consecutive months of increases. In addition, with the September data, inflation chains six months at negative rates.

The statistical agency has attributed the increase in the interannual rate of the CPI to the rise in electricity prices, compared to the decrease experienced in September 2019 and the evolution of the prices of tourist packages.

On the contrary, the INE highlights the cheaper fuel, compared to the rise they experienced in September last year.

The INE recalls that, after the end of the alarm state, all IPC products are available for purchase by households.

Statistics continued in September the face-to-face collection of prices, maintaining the collection by telematic means when, for health security reasons, it is not possible or convenient to do it in person.

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