The INE confirms that the CPI started the year at 1.1% after rising three tenths for electricity and food

The Consumer Price Index (CPI) fell 1% last January compared to the previous month and raised its tenth year rate to 1.1%, its highest value since April 2019, according to the data definitive published this Friday by the National Institute of Statistics (INE), which coincide with those advanced at the end of last month.

With this advance of three tenths, the interannual CPI chains three months of increments after in November it climbed three tenths and in December another four. Thus, the CPI starts 2020 at 1.1%, two tenths of what pensions have risen this year (0.9%).

Statistics has attributed the rebound in the annual CPI rate in January to the rise in the prices of electricity, clothing and footwear, and non-alcoholic food and beverages, especially fish and shellfish.

With the January data, the year-on-year rate of CPI chains 41 months in positive values ​​and implies that prices are now 1.1% higher than those of a year ago.

Core inflation, which does not include the prices of energy products or unprocessed foods, remained at 1% in January, which is one tenth below the general CPI.

In the last month of last year, the Harmonized Consumer Price Index (HICP) placed its annual rate at 1.1%, three tenths more than in December.


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