Inflation takes a slight respite in August and yields 4 tenths of up to 10.4%

No time to read?
Get a summary
A woman makes her purchase in a supermarket.

A woman makes her purchase in a supermarket.
Ferran Nadeu

this inflation He gave a deadline in August. this month Consumer price index (CPI) posted a monthly change of 0.1%, below the seven-tenths it rose in August 2021, allowing the inflation rate to ease to 10.4%, four-tenths below the July figure of 10.8 year-on-year increase in prices. . % is the busiest since September 1984. National Institute of Statistics (INE), the slight decline in fuel prices in August compared to July partially offset the persistent rise in electricity and food prices, allowing for the first twist in inflation since last April. Data released by INE this Tuesday are provisional until September 13, when the institution publishes final CPI statistics for August.

If the more volatile energy and unprocessed food prices are discounted, so-called core inflation was 6.4% in August, compared to 6.1% in July.

Inflation reached 10.8% in July, the highest since September 1984 despite lower gasoline prices. Electricity, gas, food, tourism and more timid summer sales than last year drove the CPI to its highest level since 1984 in July.

No time to read?
Get a summary
Previous Article

China’s space-grown rice ‘growing very well’

Next Article

The player spent 6 years of his life recreating the world with Hogwarts from “Harry Potter” in Minecraft. Looks like it was worth it