Inflation slowed in September to 8.9%, but food soared 14.4%

• Interview: "With prices so high, governments cannot target only very low incomes"

Inflation

at

, after falling from the

and

, as confirmed this Friday by the National Institute of Statistics (

). ), which at the end of the month had anticipated a 9% rise in the Consumer Price Index (CPI).

The definitive data, published today, means that

than those registered in the country a year ago, in September 2021, but

.

The INE had anticipated a decrease of 0.6%.

Core

stood at 6.2%, in line with what the Institute had anticipated.

It is an indicator that is given more and more importance because it measures the evolution of all consumer prices except those of energy products and fresh food and, therefore,

of the increase in costs to the whole of the economy.

In fact, the

shot

recorded in this group

With the confirmed CPI data,

, while the

that will be used to

(taken from the average of the interannual rates from December 2021 to November 2022) stands at

for the moment in the absence of knowing the rates for October and November.

The Government has already advanced that it expects pensions to rise by around 8.5% next year, with which they expect the year-on-year rate of inflation to moderate very slightly in the coming months.

panel of economists

, made up of twenty of the most important macroeconomic study and analysis services in the country, expected that

the CPI rose by 9.4% in September, and for the coming months it is expected to fall to 8.4% in October;

in November, to 8.2% and in December, to 7.5%.

In October,

will come into force and the base effect will be perpetuated (comparison with price increases last year that were already higher -in October 2021 prices rose by 5.4%-) , with which a moderation of the index can be expected.

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