Spain's inflation accelerated to the highest level in more than three-and-a-half years in September, as initially estimated, the statistical office INE said Wednesday. Consumer price inflation climbed to 4.9% in September, matching flash estimate, from 4.3% in August, final data showed. This was the highest rate since February 2023, when inflation stood at 6%. Likewise, EU harmonized inflation rose to 5% from 4.6% in the prior month. The rate came in line with the estimate published on September 29. On a monthly basis, growth in consumer prices slowed notably to 0.3% from 0.7% in the prior month. The harmonized index of consumer prices climbed 0.6% after rising 0.7% in August. Both CPI and HICP monthly rates matched initial estimates.
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