Housing rents are expected to rise by up to 2.56% next year, according to estimates published today by INE. This figure is based on the average of the Consumer Price Index excluding housing, calculated for August, over the past 12 months.
Inflation is estimated to have reached 3.3% this month, an acceleration of 0.3 percentage points compared to the year-over-year change recorded in the previous month. This is shown by the flash estimate of the CPI now published.
The acceleration in the index this month is almost entirely due to the rise in fuel prices. The core inflation indicator (the total index excluding unprocessed food and energy) is estimated to have risen by 2.7%, 0.1 percentage points higher than in July.
Meanwhile, the change in the index for energy products rose 12.2%, well above the 8.7% recorded the previous month. The index for unprocessed food products registered a change of 3.4%, slightly below the 3.7% recorded in July.
Compared to the previous month, the CPI is estimated to have changed by 0.1%. The average change over the last 12 months is estimated to be 2.7% (2.6% in July).
The Harmonized Index of Consumer Prices (HICP), meanwhile, is estimated to have registered a year-over-year change of 3.6%, also accelerating from July’s 3.1%.
The final data on the CPI for August are scheduled to be released on September 10.
Translated with DeepL.com (free version)
Image credit: © Scott Webb | Unsplash
