Interannual CPI rises to 6% in February and food prices skyrocket to 16.7%

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Over the past month, food prices in Euskadi and Navarra have increased by 1.5% and 1% respectively. In the Spanish state, food prices rose by 16.6% year-on-year in February.

Euskaraz irakurri: Elikagaien prezioak %15.5 igo dira EAEn et %16.1 Nafarroan, otsailean

He year-over-year CPI it rose to 5.8% in the Basque Autonomous Community (CAV) and fell to 6.3% in Navarre, in February, according to data published today by the National Institute of Statistics.

In January, the interannual rate was 5.6% in Euskadi, representing an increase of two-tenths, and 6.4% in Navarre, or what is the same, a decrease of one-tenth.

From January to February, inflation rose by one point in the Basque Country and by eight tenths in Navarre, respectively.

The increase in inflation is mainly due to the rising food pricesand it is that in February food prices increased by 15.5% in the BAC and 16.1% in Navarre, in their interannual rate.

Over the past month, food prices in Euskadi and Navarra have increased by 1.5% and 1% respectively.

Spanish state CPI rises to 6% in February and food prices skyrocket by 16.6%

The consumer price index (CPI) rose 0.9% in February from the previous month and increased the interannual rate by a tenth to 6%, due to the rise in electricity costs, and especially food, which shot their prices up by 16.6 % compared to February 2022.

For its part, core inflation (excluding unprocessed food and energy products) rose by one-tenth of a point to 7.6% in February, the highest rate since December 1986.

Evolution of the CPI and underlying inflation in the Spanish state. Chart: AVERAGE EITB

within the foodthose that have increased in price the most between February 2022 and the same month of 2023 are sugar (52.6%); the butter (39.1%); sauces and spices (33.8%); He olive oil (33.5%); the Full Milk (33.2%); the oils and fats (32.9%); the Eggs (28%); the fresh legumes and vegetables (23.6%); the cereals (23.2%); the products dairy (21.4%) and the potatoes (21.2%).

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Source: EITB

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