Inflation rises 4% in Spain in September

Final data released by the Spanish Statistics Office today (Thursday) showed an acceleration in consumer price inflation in the country, which was indicated by preliminary estimates.

The consumer price index rose by 0.4% on an annual basis after rising by 3.3% in August. The rate was in line with the preliminary estimates that were published on September 29 (September), according to the German News Agency. This new annual rate is the highest since September 2008.

Inflation rose in light of rising electricity prices and the cost of transportation. The core inflation rate, which does not include fresh food and energy, rose to 0.1%, compared to 7.0% in the previous month.

On a monthly basis, the CPI rose by 8.0% in September after rising by 5.0% in August.

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