Inflation faded a bit in August, when the dispute over wage increases between employers, unions and the Government looked at its sharpest. The consumer price index (CPI), in particular, remained at 10.4% after registering a four-tenth decrease Regarding July, the highest record since September 1984.
According to preliminary CPI data published by the National Institute of Statistics (INE), the slight decline in fuel prices partially compensated for the persistent increase in electricity, food, restaurant and tourist packages. First inflation twist since last April. However, discounting the more volatile energy and unprocessed food prices, so-called core inflation remained at 6.4%, the highest since January 1993, compared to 6.1% in July.
This moderation of the IPC takes place at a time when unions are mobilizing for demand. Wage increases that prevent workers from losing their purchasing powerActions supported by the Government’s Second Vice-President and Minister of Labor Yolanda Díaz.
Despite the slight decline, Salvador Navarro, president of the Valencian Community Business Confederation (CEV), “the inflation level is absolutely insane This is hurting the economy,” he says, regarding the discussions on wages, although he believes the forecasts will come true and there will be a reduction in logistics and oil costs in the medium term: companies guarantee increases of up to 10% in three yearsand there is a willingness to continue accepting increases “as long as they are appropriate”. In this sense, he regrets the minister.”initiating unions against bosses rather than promoting dialogue“.
Both Yaissel Sánchez, UGT secretary at l’Alacantí-Les Marines, and Pepo Ruíz, head of CC OO Communications at the same department, advocate increases that “prevent workers from paying the price of the crisis again”. .