THE inflation rode a 0.6% in October compared to September and increased its interannual rate by three tenths, up to 1.8%according to final data published this Thursday by the National Institute of Statistics (INE), which coincides with those put forward at the end of last month.
The organization explained that the rise in the CPI to 1.8% is due to the price increase of the fuels and the increase in electricity and gas prices, compared to the drop they experienced in October 2023.
More precisely, the group of accommodation In October, it raised its interannual tariff by 1.3 points, to 4.2%, due to the rise in the cost of electricity and gas, while the transport group placed its interannual tariff at -3%, nine tenths more than in September, due to the increase in the prices of fuels and lubricants for personal vehicles.
Inflation resumes its rise
With the increase in the interannual CPI in the tenth month of the year, inflation resumes its increases after having continued four months consecutive reverse.
The Ministry of Economy, Trade and Business, however, emphasizes that inflation remains below the reference level of 2% set by the European Central Bank (ECB).
THE underlying inflation (excluding unprocessed food products and energy products) increased by a tenth in October, to 2.5%, or seven tenths above the general rate.
In monthly terms (October to September), the CPI increased by 0.6% compared to the previous month, its largest monthly increase since last April, when it increased by 0.7%.
This monthly increase is due to the 8.5% increase in prices for the clothing and footwear group due to the start of the fall-winter season, and to the go upat the price of food in a 1.4% due to the increase in the price of fruits, legumes and vegetables.
For its part, the harmonized CPI (IPCA) increased by a tenth in October, to 1.8%, and increased by 0.4% in monthly values.
