The INE confirms that inflation rose to 3.1% in October due to the increase in electricity, flights and trains
The National Institute of Statistics (INE) has confirmed that consumer prices rose 3.1% in October compared to the same month last year. This is reflected in the final data of the Consumer Price Index (CPI) that the national statistical office released this Friday.
The statistics released this morning shed some more light on the reasons that drove price increases in October. So, the increase in the electricity bill, international flights and rail transport They were largely responsible. However, the falls in the prices of tourist packages and fuel partially offset the rise in prices in other sections.
Regarding the shopping cart, Food prices remained relatively stable. While products such as fresh or chilled fruits, eggs or olive oil became more expensive, others such as fresh legumes and vegetables, bread and dairy products fell in price last month. The underlying inflation indicator, which does not take into account the prices of energy and unprocessed food due to their volatility, rose to 2.5%.
As anticipated at the end of October, this is the highest inflation in 16 months, although most analysts are confident that prices will begin to slow down from now on until increases gradually approach 2%. The reference that the European Central Bank (ECB) considers healthy inflation for the economy.
