May 16, 2021

Inflation drops to 1%, its lowest level in a year – La Provincia

Inflation drops to 1%, its lowest level in a year - La Provincia


TheConsumer price index(IPC) fell 1.3% in January compared to the previous month andcut its interannual rate two tenths, up to 1%, its lowest level since January 2018, according to the leading indicator published this Thursday by the National Institute of Statistics (INE).

The statistical agency has attributed the decline in the year-on-year rate of the CPI tocheapening gas pricesand the fact that fuels (diesel and gasoline) went up in the first month of the year less than they did a year earlier.

The interannual rate for January isthe twenty-ninth positive rate that links the interannual CPIand implies that prices are now 1% higher than those of a year ago.

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