Economy Inflation rises to 1.1% in January, three tenths more,...

Inflation rises to 1.1% in January, three tenths more, for electricity

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The consumer price index (CPI) stood at 1.1% in annual rate in January, three tenths more than in December, due to rebound in electricity prices, heating oil and fish, as published by the National Statistics Institute (INE) on Friday.

The CPI thus returns to situase above 1% for the first time since April 2019, ending the weak progress since then, in May (0.8%), June (0.4%), July (0.5%), August (0.3%), September (0, 1%), October (0.1%), November (0.4%) and December (0.8%).

The INE has confirmed the data advanced on January 31, which shows a rebound in prices driven by the housing group (where electricity is included), since although its rate falls 3.5%, this decrease is a point and a half lower than the one registered in December.


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