In August inflation was still 7.9 percent on an annual basis, compared to the previous month, prices rose by 1.9 percent in September.
Inflation was exacerbated by the discontinuation of the emergency measures, the fuel discount and the ticket of nine euros. This support was available from June to the end of August. It had a dampening effect on inflation. The price increase in transport was therefore 14.0 percent in September compared to the same month last year. The price increase for fuel was 30.5 percent.
Edible oils, milk, eggs, meat and bread have become significantly more expensive
The main driver, however, remained energy prices – energy products alone were 43.9 percent more expensive in September compared to the previous year. Household energy in particular rose sharply by 51.8 percent, the Authority emphasized. Prices for light fuel oil doubled (plus 108.4 percent), natural gas became 95.1 percent more expensive and electricity 21 percent.
Delivery problems and price increases in the upstream economic stages also made food significantly more expensive, with the most recent rising 18.7 percent here. Edible fats and oils, dairy products, eggs, meat and bread became significantly more expensive. Without energy and food, inflation would have been just 4.6 percent in September, less than half the nominal rate. (AFP)
Source: Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
