According to the advanced CPI data published by the CPI, the inflation rate rose again for the second month in a row in February and became 6.1%, up two-tenths from January (5.9%) and four times higher than in December (5.7%). the National Institute of Statistics (INE). Inflation failed to catch up with the downward trend that started in August after peaking at 10.8 percent in July, in the second month of VAT cuts on a large food basket, and was interrupted in 2015. FireplaceWhile an annual increase of 5.9% was recorded in the prices due to the withdrawal 20 cents per liter of fuel.
Compared to January, the monthly rate of the Consumer Price Index (CPI) increased by 1%, leaving the annual rate at 6.1%, expecting INE to release its final data on March 14. Call basic inflation, Excluding the more volatile unprocessed food and energy prices, the price also rose by two-tenths, from 7.5% to 7.7%.
According to INE, this evolution of data, electricity prices Compared to the decrease recorded in the same month of 2022, it rose in February. food and soft drinks though it has risen more than ever before. VAT deduction For a range of fresh and processed products, effective January 1.
Conversely, falling prices fuels and lubricants, increased in February 2022 and combined passenger transport, compared to the previous year’s stability. Unsurprisingly, a 100% discount has been applied to a total of 77 intercity bus lines running medium-distance services on state-owned roads since February 1.
First vice president, perhaps guessing what could be a bad number for February Nadia Kalvino Yesterday he assessed that the Government has taken up to 45,000 million measures to mitigate the impact of inflation on citizens and that these decisions still have a long way to go to help mitigate the rise in prices. In any case, Calviño argues that the power of economic policy to act on inflation. European Central Bank (ECB) through monetary policy tools. According to the Ministry of Economy, the 6.1% inflation rate is still among the lowest in the EU.