Inflation rose 16 percent to four-tenths in July, from 2.3 percent (from 1.9 percent in June). tourist packagesdue to the new increase fresh fruit (8.8%) and oils (3.4%) and 2.2% monthly increase fuels.
Final data for July released this Friday by the National Institute of Statistics (INE) Confirm what is expected by the INE itself on 28 JulyThis also marked a rise in so-called core inflation (which excludes the more volatile prices of unprocessed food and energy) to 6.2%.
The increase in core inflation in July contributed to the decrease in inflation. summer discounts on clothing and shoes More than those implemented in the same month of 2022. Tourist prices have also increased. up 16% monthly tourist packages, These are already 26.8% more expensive than the same month of 2022.
food kickback
With a monthly increase of 0.8% in the food and non-alcoholic beverages group, annual inflation in this group rose to 10.8%. Last June, food and beverage group inflation declined to 10.3%, from its peak of 16.6% in February, which is still very high. Food inflation has been in double digits since April 2022, following an upward trend that started a year ago in April 2021.
with data for July sugar 44.2% more expensive than the same month of the previous year; HE oil 20.4% more expensive; Milk registers an annual increase of 17.7% and potatoes, 16.7% increase fruit its rate in the last twelve months is 11.6%. eggs It reaches 12.8% and that of pig flake 15.8%.
Energy
On the whole, energy products rose 1% in Julyo: electricity (-0.2%) and gas (-1.4%) decreased, but fuel increased (2.2%).
Compared to the same month of the previous year, a 24.3% decrease is observed in the energy products set, while this rate reaches 41.9% in electricity; at 16.1%.
fuels and fuels
on his behalf Fuel and fuel oil special group increased by 1.7% month on month (compared to June). Fuels and fuels are still cheaper (14.8% less) than in the same month last year, but in June the difference was even greater, 18%.
As in the peak of the summer season, the demand for fuel and thus the prices are also increasing. Although gasoline and diesel recovered 1.8% and 3.4% respectively in the first week of August and increased for the fifth week in a row since the beginning of July, their impact varies depending on the product. Thus, while the trip price for petrol cars is more expensive than last year when the 20 cents per liter discount was still in effect, the opposite is happening for diesel, as confirmed by the European Petroleum Bulletin. The Union (EU) released it this Thursday.
The current rise in fuel prices is part of a scenario since June that has added a trajectory of oil prices rising by more than $12 to $87.40 a barrel, the benchmark for Brent this Wednesday, and prices are driven by the rise in its own demand this month of the year and the agreed upon agreement under the deal. with production cuts The group of oil exporting countries (OPEC). OPEC production fell 3% in July, according to estimates released Thursday by the Vienna-based oil company. Figures in the OPEC monthly report reveal that the significant drop was due to Saudi Arabia’s drastic cut in production, which was one of the main factors behind the rise in the price of “black gold” in July and June. continues to do so this month.