According to the National Statistics Institute (INE), “based on the information already gathered, the year-on-year rate of change in the Consumer Price Index (CPI) will have increased to 9.3% in September, a rate higher by 0.4 percentage points (p.p.) to that observed in the previous month and the highest since October 1992”.
As for the underlying inflation indicator (total index excluding unprocessed food and energy products) it registered a variation of 6.9% in September (6.5% in the previous month), the highest level since February 1994.
To stop inflation you need to get people back to work and to start to produce goods and services to move the economy. You need to stop all the government hand outs and to push for a decent livable wage for all workers. Once you get the supply chain filled, the law of supply and demand will kick in and prices will start to level off.
By Tony B from USA on 04 Oct 2022, 15:57