food and electricity They increased inflation in 1 month Februaryuntil you reach 6% rateAccording to the final figure released this Tuesday by A.D. National Institute of Statistics (INE) is changing downwards from what was projected by the agency itself on Feb. Call Core inflationwhich excludes the most structural and volatile energy and unprocessed food prices, increased by one tenth instead of two to 7.6%, Highest rate since December 1986 and what worries the most right now, especially for their price Shopping cart.
Despite the temporary abolition of VAT on basic necessities and the reduction from 10 percent to 5 percent in pasta and oils, which came into effect on January 1, food inflation It rose to 16.7% in February — almost one point above the 15.4% recorded in January and above the record 15.7% set in December. Group prices by January food and beverages increased by more than one point compared to the previous month and rose to 16.6%. Meat, which has increased its price compared to the decline in 2022, and fish and crustaceans, whose prices have decreased less than last year, also come to the fore.
On the other hand, prices the electric Compared to January, it increased by 12.4% compared to the previous month’s decrease. According to Red Eléctrica data analyzed by Caixabank Research, the regulated tariff for electricity (PVPC) averaged €200/MWh for February, slightly lower than two months ago, but this represents an increase of 52% compared to January.
In contrast, the decline fuel and mineral oil pricesincreased 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.
For the government, despite the “volatility” in inflation data in the first half of the year, CPI rates will be “almost half” lower than in 2022. Nadia Calviño, Vice President of the Government, recently. A year ago, in February 2022, before collecting its effects the Russian invasion of Ukraine Inflation in energy and food prices was higher than current: the overall rate was 9.8%, while the rate below it was 3.4%.
Transportation and electricity prices
Ministry of Economy sources highlight the good behavior of transport.Thanks to the measures taken to encourage public transportation and the reduction in fuel oil, a significant monthly decrease of 7.2% was achieved in urban public transportation.
On the downside, they highlight the rise in food prices, especially fresh produce.Due to the decrease in supply due to adverse weather conditions, there was an increase in pulses, vegetables and fruits.
Another variable that experienced increases was the electricity price after the sharp decline in the past months. In any case, they stress that “Spain remains one of the countries with the lowest inflation in the Eurozone”.