The lower price of electricity and petrol led to a decrease of 0.1% compared to the previous month. However, food prices recovered more strongly in April than in the same month of 2021.
Euskaraz irakurri: KPIa % 8.4an kokatu da apirilean, beherakada txiki avail ostean
The indicator of The Advance Consumer Price Index (CPI) fell 0.1% in April compared to the previous month and cut the annualized interest rate by 1.4 points to 8.4% as a result of the cheaper electricity and petrolaccording to advanced data released this Thursday by the National Institute of Statistics (INE).
It is the first fall in inflation after two months of strong increases, pushing the CPI to 9.8% in March, the highest rate in nearly 37 years.
According to statistics, the year-on-year decline in CPI to 8.4% is mainly due to the falling electricity and fuel prices. Instead, the pFood prices showed a larger recovery in April than in the same month of 2021.
Leading indicator Index of #Prices of consumption #CPIE Apr 2022
Annual variation: 8.4%, almost 1.5 points lower than recorded in March
Underlying inflation. Annual rate: 4.4%, increase by 1 point
Press release https://t.co/isR60C9if8
More info https://t.co/a8nE3zpD2i@es_INE #INE pic.twitter.com/sSdnVHogFn— INE Spain (@es_INE) April 28, 2022
The INE includes in the preview of the CPI data an estimate of underlying inflation (excluding unprocessed food or energy products), which increased by one point in April to 4.4%, the highest value since December 1995. In this way the underlying asset is four points lower than the general CPI rate.
In monthly rate, the CPI registered a 0.1% decrease in April compared to March first fall after two months of increases
In the fourth month of 2022, the Harmonized Index of Consumer Prices (IPCA) placed its inter-annual interest rate at 8.3%, one and a half points below March’s.
For its part, the IPCA progress indicator fell 0.2% in monthly rate.
The INE publishes the Final CPI data for April on May 13
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.
