In the past year, heating, lighting and water distribution have become 47.2% more expensive; oils and fats have increased their prices by 24%; eggs are 22.4% more expensive; milk costs 25.6% more and cereals 21.7% more.
The CPI moderates to 10.5% in August, below expectations, with the price of food shot with a year-on-year increase of 13.8% .
According to the INE, the annualized CPI moderation to 10.5% is mainly due to the drop in fuel prices. The transport group even cut its year-over-year rate by more than 4.5 points, to 11.5%, as a result of lower gasoline and lubricant prices.
By cons, in August selectricity and food prices rose. The latter registered an annual increase of 13.8% in August, an increase three tenths higher than that in July and the highest since the start of the series, in January 1994. Particularly noteworthy is the increase in the price of meat, bread and cereals and milk, cheese and eggs.
in the group of residence, the annual rate almost two points up in August compared to the previous month, to 24.8%, due to the rise in electricity prices, greater than a year earlier.
Without taking into account the reduction in the special levy on electricity and the variations in other levies, the inter-annual CPI reached 11.2% in August, seven tenths above the general rate of 10.2%. This is reflected in the CPI at constant loads that the INE also publishes in the context of this statistic.
In the past year, the heating, lighting and water distribution they have become 47.2% more expensive; oils and fats have increased their prices by 24%; eggs are 22.4% more expensive; milk costs 25.6% more, and cereals, 21.7% more.
On a monthly basis (August to July), the CPI registered an increase of three tenths (two more than expected), compared to the decrease of three tenths in July and the increase of 0.5% a year earlier.
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Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
