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inflation accelerates October is 3.1%, 1/10 further away From September of last year. The two consecutive months of upward trend have taken the composite index to its highest level since December 2024, according to data released by the National Institute for Statistics (INE) this Friday.
The statistical agency details that this year-on-year inflation trend is mainly explained by increases in electricity, international flights and rail transport. These increases are partially offset by lower tourism packages and fuel prices.
Similarly, higher prices for fresh and chilled fruit, eggs and olive oil have been offset by lower prices for fresh legumes and vegetables, bread and dairy products.
on the other hand, core inflationThe share, which excludes the most volatile factors such as energy and fresh produce, was set at 2.5%, a tenth increase from the previous month’s record.
If this one-tenth increase is confirmed, Core inflation will reach its highest level since December 2024. When it was 2.6%.
On a monthly basis, CPI increased by 0.7% due to higher costs of clothing and footwear (+8.2%) due to the start of the autumn/winter season. Groceries decreased by 1.4% due to higher prices for fruit, meat, milk, cheese, eggs and fats and oils. Housing (+0.9%) was driven by increases in electricity and, to a lesser extent, gas prices.
On the other hand, the Leisure and Culture Group reduced its prices by 0.8% in the same month due to the drop in tourism package prices.
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