The decline in inflation continues slowly, also with the effect of the decline in commodity prices. fuels And electricand yet food basket It still remained 9% more expensive than in 2022, with an annual increase of 66.7% in November. olive oil. In November, there was a decrease in prices. bread and cereals, milk, eggs and cheese.
Especially, general inflation At 3.2% in November, it was three-tenths below the October rate and well away from the annual maximum of 6% recorded in February, according to data published by the company on Thursday. National Institute of Statistics, This confirms what INE announced on November 29th. The approval of the 3.2% inflation figure in November confirms this. contribution based pension In 2024, they will increase by 3.8%, which is the average of the chain CPI rates of the last 12 months.
INE also confirmed a decrease. seven out of tenup to 4.5% during call inflation underlyingThe most volatile energy and unprocessed food prices are excluded. This is the lowest rate since April last year.
Monthly evolution
According to INE, on a monthly basis, Consumer Price Index (CPI) November was -0.4% compared to October, thanks to the decrease in food prices. fuels And tourist packageshigher than those recorded in the same month in 2022. electric Although the decline compared to October was less than that recorded in November 2022 (it later fell by 14.6%).
cart food and non-alcoholic beveragesCompared to October, it increased by one tenth (0.1%). This slight increase, below the rate recorded in this basket in November 2022 (0.5%), enabled the moderate course of annual inflation. food It rose as high as 9%, five-tenths below October’s 9.5% and just shy of the 16.6% peak in February.
From perspective Ministry of Economy, The policy measures adopted by the government allow general inflation to maintain its downward trend throughout the year, salaries to continue gaining purchasing power and companies to increase competitiveness and increase market shares in the complex international context.