October 30, 2015

In September, consumer prices fell 0.1% over the previous month, which followed August’s flat reading. According to the National Statistical Institute, the result mainly came on the back of a decrease in prices of recreation and culture, which more than offset an increase in prices of food and non-alcoholic drinks.



Consumer prices rose 0.1% annually in September, which was above the flat reading tallied in August and marked a three-month high. Annual average consumer prices remained stable at August’s 0.2% fall in September.

FocusEconomics Consensus Forecast participants see inflation at 0.5% in 2015, which is down 0.1 percentage points from last month’s forecast. In 2016, panelists expect inflation to be 1.5%, which is also unchanged from last month’s forecast.