Inflation has risen three tenths to 1.8% in October, compared to the same month in 2023, due to the increases in fuel, electricity and gas prices, according to the INE’s report this Wednesday.
The general CPI (Consumer Price Index) remained at 1.5% in September. Despite the increase, this month it remains below the ECB’s theoretical target of 2% and allows families to recover purchasing power.
Core inflation, which excludes energy and food from its calculation precisely because they are considered the most volatile elements in the shopping basket, barely grew one tenth since September, up to 2.5% year-on-year.
“Spain continues to make the highest economic growth among developed economies compatible with inflation that has moderated significantly in recent months,” the Ministry of Economy points out.
“This is allowing these excellent macroeconomic data to also be transferred to micro data, improving the economic situation and prospects of our companies and families,” they continue from the department led by Carlos Body.
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