In September, inflation finally fell to single digits, reaching 8.20% year on year. This is significantly below the forecast of 8.50%. Therefore, inflation registered at its lowest level since the end of 2021. On a month-on-month basis, prices fell sharply by 0.40%, surpassing the forecast of -0.10%. This is the highest monthly price drop since 2016.
The decline in inflation is mainly due to falling fuel prices – down 3.10% month on month, despite rising oil prices. There was also a decrease in food prices (-0.40% month on month) and energy prices (-0.80% month on month).
The questionable matter remains how much these factors are long-term.
Szymon Gil, Securities Broker, Michael / Ström Brokerage House
