Inflation accelerates in September from August

Latest reading: Consumer prices were up 12.9% in annual terms in September, following a 12.2% increase in the prior month and marking the highest reading in over two years. Relative to the previous month's figures, there were higher price pressures for food and non-alcoholic beverages (+12.8% in annual terms vs +11.7% in August), transportation (+11.4% vs +9.3% in August), health (+17.0% vs +16.5% in August) and restaurants and hotels (+14.1% vs +13.2% in August). In contrast, price pressures reduced for housing and utilities in September (+17.4% vs +17.7% in August). Finally, consumer prices rose 1.12% in September on a month-on-month basis, following a 0.96% increase in the prior month.

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