The National Statistics Institute (INE) announced today that the year-on-year rate of change in the Consumer Price Index (CPI) increased to 9.3% in September, compared to 8.9% in August, reaching the maximum since October 1992.
According to the quick estimate released by the statistical institute, “based on the information already gathered, the year-on-year rate of change in the Consumer Price Index (CPI) will have increased to 9.3% in September, a rate higher by 0.4 percentage points (pp) to that observed in the previous month, and the highest since October 1992”.
As for the underlying inflation indicator (total index excluding unprocessed food and energy products), it registered a variation of 6.9% in September (6.5% in the previous month), the highest level since February 1994.
Source Lusa
Comments
And to fix the problem of a rising inflation, these idiots go and print more money.
https://www.reuters.com/article/france-economy-inflation-idAFP6N2YO027
So your savings in the bank are worth less and less ie prices of consumer goods go up.
Hi Chip, our office has been temporarily closed for 10 days for annual leave, to attend a wedding in UK. Normal service will now resume, until we deserve another holiday :)
No it doesn't. Those living on savings, notably pensioners, are generally better off.
BTW, has this site closed down? No new articles for 10 days.
Inflation makes everyone poorer.
Imagine my surprise.