Spain's annual consumer inflation fell for the second consecutive month in September due to a drop in electricity prices, according to flash estimates released by the country’s National Statistics Institute (INE) recently. Consumer prices in September rose by 9 per cent year on year (YoY), down from a 10.5 per cent increase in August. July witnessed a 38-year high of 10.8 per cent rise."This development is mainly due to the decrease in electricity prices, which increased in September 2021," an INE statement said.
Spain's annual consumer inflation fell for the second consecutive month in September due to a drop in electricity prices, flash estimates released by the country's National Statistics Institute show. Consumer prices in September rose by 9 per cent year on year, down from a 10.5 per cent increase in August. July witnessed a 38-year high of 10.8 per cent rise.
Consumer prices fell by 0.6 per cent in September on a monthly basis, the largest monthly fall since July last year.
ALCHEMPro News Desk (DS)
marketing@alchempro.com
