TheConsumer Price Index (CPI)It fell by 0.4% last December compared to the previous month and cut its interannual rate by five tenths, to 1.2%, its lowest level since last April, according to the final data published on Tuesday by the National Institute of Statistics (INE), which coincide with the advanced ones at the end of last month.
Statistics has attributed the fall of the interannual rate of the CPI of Decemberto the decrease in the prices of fuels, of heating oil and of accommodation services.
Loading Monthly and Annual Variation of the CPI
The interannual rate for December istwenty-eighth positive rate that links the interannual CPIand implies that prices are today a1.2% higher than a year ago. After six months above 2%, in the last month of last year the CPI has managed to be at its lowestlevel since April (1.1%).
Core inflation, which does not include the prices of energy products or unprocessed foods, remained at 0.9% in December, which is three tenths below that of the general CPI.
In the last month of 2018, the Harmonized Index of Consumer Prices (HICP) placed its annual rate in the1.2%, five tenths less than in November.
According to the INE, among the groups that contributed to the moderation of the interannual rate of the CPI in December are thetransport, which cut more than 3 points its annual rate, up to 0.2%, for thecheapeningof thefuels; theliving place, whose annual rate fell three tenths, to 2.5%, due to the lower cost of heating oil, and theHotels, which reduced its rate by three tenths, to 1.8%, due to the reduction in accommodation services.
On the contrary, among thepromotions highlighted the leisure and culture group, which increased its interannual rate by four tenths, to -0.1%, due to the increase in tourist packages.