The Consumer Price Index (CPI) increased its interannual rate by eight tenths from March. On a monthly basis, the CPI rose six-tenths of a percent in April from the previous month.
ao | EITB Average
The consumer price index (CPI) rose to 4.1% in April compared to the same month last year, according to data released today by the National Institute of Statistics (INE). Year-on-year inflation was 3.3% in March, 0.8 point lower than in April.
The upward trend in year-on-year inflation is mainly due to the fall in prices electricity is less than recorded in April 2022, and the increase of fuelswhich fell in April of the previous year.
On the other hand, the price of food and the non-alcoholic drinks have risen less this month than in April 2022.
Despite the fall in year-on-year inflation, prices continue to rise.
In monthly terms, from March to April, the CPI registered a rate of 0.6%.
The Underlying inflation, which does not account for unprocessed foods or energy products, is down nine-tenths in its interannual rate to 6.6%. The monthly increase was one point.
In March, food prices rose by 16.5% year on year, one-tenth less than in February, when they rose by 16.6%, a record since 1994. In addition, food prices may now rise due to the drought.
Advance details for April are due to be confirmed by INE in the middle of next month.
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.
