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Spain, one of the OECD countries where inflation increased the most in September

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Paris, Nov 7 (EFE).- Spain was one of the OECD countries in which inflation increased the most in September, due to a slowdown in the year-on-year fall in energy prices, but even so its rate remained among the lowest, and clearly below the average.

With the aggregate data published this Tuesday, interannual inflation in the Organization for Economic Cooperation and Development (OECD) as a whole fell two tenths in September to 6.2%, and that was the trend that was observed in 27 of its members.

However, in Spain it grew nine tenths to 3.5%, and the explanation is that the rate of interannual decline in the fall in energy prices went from 21.5% in August to 14% in September.

This decline in energy in Spain continued to be much more intense than in the entire OECD (-1.3% in August, -0.5% in September) and is what largely justifies why final Spanish inflation was also higher. moderate.

Food inflation, for its part, remained above the average in Spain, with 10.5% in September (10.5% also in August) when in the OECD as a whole it was 8.1% (8 .8% in August).

And as for core inflation, while in Spain it decreased by four tenths in September to 4.4%, in the OECD it was cut by two tenths to 6.6%.

Like Spain, there were seven other countries in which inflation also grew in September, including Costa Rica, which was the only one in the organization with a negative rate (-2.2% in September, after -3.3% in August). .

The country with the highest inflation in this “club” of developed countries, and by far, was Turkey, with 61.5% in September, after having risen 2.6 points compared to the previous month.

In the euro zone, following the general trend, it was cut by nine tenths to 4.3% in September, while in the United States it remained unchanged at 3.7%. EFE

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