The INE raises inflation to 3% in September and places it at maximums in 2025
The National Institute of Statistics (INE) has revised the advance inflation data from last September upwards by one tenth until reaching 3% year-on-year. The Consumer Price Index (CPI) data released this Wednesday equals the previous maximum reached in February 2025 and reaches unprecedented levels since June of last year, when inflation was 3.4%.
consumer prices They have been accelerating, although moderately, in the second half of the year. From the annual low of 2% recorded in May, the CPI has been gradually rising to 3% in September. The main factor motivating these increases, highlights the Ministry of Economy, is fuel and, to a lesser extent, the price of electricity.
Other items that once weighed heavily on the wallet are now at more moderate levels. This is the case of food and beverages, which registered an inflation of 2.4% in Septemberthe same as the previous month. In this section, the case of olive oil particularly stands out, the price of which falls by 34.5% compared to September 2024.
However, the rise in inflation that is being experienced these months is not being transferred to the ‘hard core’ of prices of the Spanish economy. This is seen well in the core inflation indicator (which does not include prices of energy and unprocessed products) which remained stable in September at 2.4%. Of course, still four tenths above what the European Central Bank (ECB) and the majority of central banks in the world consider desirable.
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