The Consumer Price Index (CPI) rose in October by 7.3% in annual rate, which is one point and six tenths less than in September,
The National Institute of Statistics (INE) has today made public the advance data on inflation for October, after inflation fell to 8.9% year-on-year in September due to the fall in the price of electricity. If confirmed on November 15, the inflation rate falls to the lowest since January 2022 (6.1%).
One more month, the year-on-year CPI is contained for the third consecutive month due to the comparable drop in electricity prices, which rose in October 2021. The lower price of gas compared to the rise in the previous year has also had an influence, although to a lesser extent. , and the new season of clothing and footwear, with more moderate prices than in 2021.
Core inflation, which does not take into account the more volatile evolution of fresh food and energy, remains at 6.2%. Compared to the previous month, prices rose 0.4%.
The Harmonized Consumer Price Index (IPCA), a statistical indicator that serves as a common measure of inflation that allows international comparisons, remains in October with the same rate as the general CPI, 7.3%, and in a month-on-month comparison is reduced by one tenth.
