March 7, 2021

The CPI is pushed up to 1.3% by gasoline and electricity – La Provincia

The CPI is pushed up to 1.3% by gasoline and electricity - La Provincia

TheConsumer price index(IPC) rose a0.4% in Marchin relation to the previous month and raised its interannual rate two tenths, up to 1.3%, its second consecutive rise after February and its highest level since last November, according to the final data published this Friday by the Institute National Statistics Office (INE), which coincide with the advancedat the end of last month.

Statistics has attributed the rebound ofyear-on-year rate of the CPIMarch to the rise in gasoline prices and the evolution ofprice of electricity, which in March 2018 fell more than it did this year.

The interannual rate in March is the thirty-first positive rate that links the annual CPI and implies that prices are now 1.3% higher than a year ago. With the March figure, the CPI adds five consecutive months withyear-on-year rates below 2%.

Core inflation, which does not include the prices of energy products or unprocessed foods,remained in March at 0.7%, which is six tenths below that of the general CPI.

In the third month of the year, the Harmonized Consumer Price Index (HICP) placed its annual rate at 1.3%, two tenths more than in February.

According to the INE, among the groups that contributed in March to the acceleration of the interannual rate of the CPI are transport, whichraised its annual rate more than one point, up to 3%, for fuels, and housing, whose annual rate also increased more than one point, up to 2.1%, due to the behavior of electricity prices.


Source link