Consumer price inflation, or CPI, in Germany, Italy and Spain rose in September on a year-on-year basis, but the rate of increase slowed compared to August. On a monthly basis, inflation remained steady in Germany, and dropped in Italy and Spain.
Germany’s annual CPI grew by 1.4 percent in September, compared to a growth of 1.5 percent in August, but stayed flat on a month-on-month basis. However, the rise in food prices continued to remain significantly higher than overall inflation, surging by 4.7 percent on a yearly basis. Overall, energy prices in September dropped by 0.2 percent compared to a year earlier, although electricity prices (11.5 percent) and solid fuel prices (6.1 percent) were considerably up.
In Italy, inflation rose by 0.9 percent in September on a yearly basis, slowing from August's 1.2 percent rate. Inflation dipped into negative territory, dropping by 0.3 percent in September on a monthly basis, compared to a 0.4 percent increase registered in August. The monthly drop in inflation was attributed mainly to a slowdown in prices of transport, and of food and non-alcoholic beverages.
Spain’s yearly inflation rose 0.3 percent in September, down from 1.5 percent in August, but on a monthly basis, consumer prices dropped by 0.2 percent, compared to an increase of 0.3 percent in August.
Gayathri writes about geopolitics and business for International Business Times. She began her career at the Times of India as news coordinator, before moving on to IBTimes...