The Consumer Price Index (CPI) did not change in September in relation to the previous month and cut its tenth year rate to 0.1%, its lowest level since August 2016 , according to the definitive data published this Friday by the National Statistics Institute (INE), which coincide with the advanced ones at the end of last month.

Statistics has attributed the decline in the annual CPI rate in September to the reduction of electricity, gas, fuels, cars, and some foods, such as legumes and vegetables and bread and cereals.

The interannual rate for September is the thirty-seventh positive rate that chains the year-on-year CPI and implies that prices are now 0.1% higher than those of a year ago.

With the September data, the interannual CPI continues the downward path after another two tenths fell in August and stood at 0.3%.

Core inflation, which does not include the prices of energy products or unprocessed foods, increased one tenth in September, to 1%, which is almost one point above the general CPI.

In the ninth month of the year, the Harmonized Consumer Price Index (HICP) placed its annual rate at 0.2%, two tenths less than in August.

According to the INE, among the groups that contributed in September to the decrease in the annual rate of the CPI are housing, which cut its annual rate by 1.5 points, to -4.8%, due to the reduction in electricity and gas; transport, whose annual rate fell two tenths, to 0.0%, due to the lower cost of fuels and automobiles; and food, which reduced its annual rate by one tenth, up to 0.9%, due to the reduction of legumes, vegetables, bread and cereals and the stability of fish and seafood prices. In contrast, fruits became more expensive in September.

PRICES ARE STARTED IN THE MONTH

In monthly terms, the CPI stagnated in September due to price increases in clothing and footwear (+ 5.4%) due to the start of the winter season, and transportation, which raised its prices by 0.2% in the month mainly due to the increase in fuel prices for personal vehicles.

On the contrary, the leisure and culture group cut prices in September by 3.1% due to the reduction in tourist packages; housing reduced them by 0.5% due to the lower cost of electricity, and the food group reduced their prices by 0.1% for bread and cereals. ELECTRICITY IS 17% CHEAPER THAN A YEAR AGO

By rubrics, the ones that raised their prices at the highest monthly rate were men's clothing (+ 8.8%), accessories and repairs of clothing (+ 8.2%) and children's footwear (+ 7%) .

On the contrary, the greatest monthly decreases were registered in potatoes and their preparations (-3.4%), tourism and hospitality (-1.9%) and heating, lighting and water distribution (-1.1% ).

On a year-on-year basis, the headings that experience the greatest price declines are oils and fats (-12.8%), heating, lighting and water distribution (-10.8%) and fresh fruits (-4.6%) .

On the opposite side, the biggest price increases in the last year are experienced by legumes and fresh vegetables (+ 7.2%), potatoes and their preparations (+ 6%) and pork meat (+ 4.6% ).

Going into more detail, electricity shows the largest price decline in the last year (-17.1% ), followed by olive oil (-16.5%) , other computer media (-16.3%), butane and Propane (-11.9%) and mobile phone equipment (-10.4%). On the other hand, the biggest increases in the last twelve months correspond to other meats (+ 7.5%), domestic flights (+ 7.4%), potatoes (+ 7.3%), legumes and vegetables (+7.2 %) and jewelry and jewelry (+ 6.4%).

LOWER THE INTER-ANNUAL CPI IN 15 COMMUNITIES

The annual CPI rate fell in September in all autonomous communities except in the Balearic and Canary Islands, where it remained unchanged. The largest decrease was recorded in Extremadura , with a decline of four tenths, and the lowest in Murcia and the Basque Country, with decreases of one tenth.

The regions that presented the highest annual CPI rates in September were Navarra (0.7%) and the Basque Country (0.5%). On the other hand, the autonomous communities of Murcia, Valencian Community, Asturias, Castilla-La Mancha, Galicia and Extremadura and the autonomous cities of Ceuta and Melilla presented negative price rates in the ninth month of the year.

According to the criteria of The Trust Project

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  • Basque Country
  • Murcia
  • Navarre
  • Melilla
  • Galicia
  • Estremadura
  • Valencian Community
  • Ceuta
  • Castilla la Mancha
  • Canary Islands
  • Balearics
  • Asturias
  • Macroeconomy

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