Inflation in September stood at 3 percent and accumulates a rise of 36.2 percent so far this year, according to the IET survey of the UMET. “If inflation for workers continued at 3 percent per month for the remainder of the year, 2021 would have ended with a price rise of 48.8 percent “, advanced the report.
Inflation in September was driven by Food and beverages, which rose 4.4 percent and accounted for 47 percent of the month’s price increase for all goods and services. They stood out increases in bread and cereals, vegetables and fruits.
“As positive data, the moderate inflation of meat stands out (1.1 percent), an item that could stabilize its prices in recent months (it rose 3.3 percent accumulated since June),” the UMET document said.
In second place, “Other goods and services” rose 3.8 percent in September, due to increases in hairdressing for men, toilet soaps, cigarettes and toilet paper. “Clothing and footwear” and “Health “became more expensive 3.7 percent. In the latter case, the rises were driven by the prepaid (+9 percent).
Transport rose 3.5 percent, due to increases in zero kilometer vehicles (in a context of a growing exchange gap and supply problems) and in domestic airfare (due to the fact that reopening is impacting on a rapid acceleration in demand ).
Teaching increased 3 percent, which is mainly explained by school supplies, support courses, languages and artistic teaching. Below the general level, we find Recreation and culture in first place (+2.7 percent, with increases of more than 12 in toys).
Home equipment and maintenance climbed 2.0 percent. This is an item that had risen higher than the average in the last year; September’s moderation is partly explained by furniture, which rose 1.2 percent.
Meanwhile, Housing (0.3 percent) and Communications (-0.1 percent) had practically no movements. In the case of Housing, this is due to the stability in the electricity, gas and water utility rates; meanwhile, in Communications there were no major variations neither in services nor in telephony equipment. “It is worth noting that in August this division had been the one with the highest increases in the entire basket, so that the stability of this month partially compensates for these increases,” he said.