Inflation remained stable in the European Union in September

Annual inflation remained stable in the euro area and in the whole of the European Union (EU) in September, to stand at 2.6% and 2.7%, respectively, reported Wednesday the EU statistics office Eurostat .

Inflation remains so unchanged compared to August, although the first estimate released by Eurostat September 28 provided for a rate of 2.7% for the euro area.

A year earlier, the rate of inflation rose to 3% in the euro area and 3.3% among member countries.

Compared with the previous month, inflation was 0.7% in September in the euro area and by 0.6% across the bloc.

The underlying inflation in the euro area, which excludes prices of energy and fresh food, was 1.6% in September and 0.7% monthly.

In Spain, annual inflation rose to 3.5% year on year, eight points more than in August.

In September inflation rose to 1.9% in Spain, 1.4 percentage points higher than a month earlier.

The components that impacted most on-year inflation in the euro area last month were transport (4.8%), housing (4.1%) and alcohol and snuff (4.0%).

In contrast, sectors with lower price increases were communications (-3.3%), education (0.5%), household appliances and recreation and culture (1.1% each).

At the level of sub-indices, fuels for transport staged the most significant increases (0.41 percentage points), followed by electricity (0.10 points), gas and heating oil (0.09 points).

Telecommunications (-0.19 points), rents and cars (-0.07 points each) helped balance the rate.