Inflation rises to 4.9%

Inflation rose again in September, reaching 4.9 per cent compared with a year earlier, according to the National Statistics Institute.

That was six-tenths of a percentage point higher than in August, and the highest annual rate since February 2023.

Transport costs were a major contributor, with higher fuel and air travel prices putting pressure on household budgets.

Underlying inflation, which excludes unprocessed food and energy, also increased, reaching 3.1 per cent.

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