Olive oil becomes more expensive by 73.5% in one year and rice by 16.6%

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The basic foodstuffs that have increased in price the most over the past year are olive oil (73.5%), rice (16.6%), potatoes (15.9%), pork (13.8%), sugar (12.3%). %) and whole milk. (11.6%).

OA | EITB media

He olive oil Prices continue to rise, becoming more expensive by 73.5% over the past year and 6% over the past month, according to data published on Tuesday by the National Statistical Institute (INE).

Dubbed “liquid gold,” its current upward path began in April 2021, when it recorded a 2% year-on-year increase, which extended to 5% in May. From then on, it has become more expensive with double-digit rates for 28 consecutive months.

On an annual basis these are: foods that have increased in price the most in October:

– Olive oil (73.5%)

– Rice (16.6%)

– Potato (15.9%)

– Pork (13.8%)

– Sugar (12.3%)

– Whole milk (11.6%)

Compared to these foods, which led the year-over-year price increases, these are the foods that have increased in price the least in the eighth month of the year with reference to October 2022:

– Edible oils (-29.5%)

– Flour and other grains (+0.5%)

– Pastes (+0.8%)

The price of food Inflation continues to rise well above the CPI in both the Basque Autonomous Community and Navarra. In October, the interannual CPI was 3.5% in the BAC and 3.2% in Navarre, while food prices rose 9% and 9.6% respectively.

Source: EITB

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