Prices rose by 3.1% in December, a tenth less than in November, due to the stability of food and non-alcoholic beverage prices, and the evolution of the electricity sector.
The consumer price index (CPI) showed no variation in December compared to the previous month to reduce its interannual interest by one-tenth, up to 3.1%Because of the price stability for food and non-alcoholic beveragescompared to the increase in the last month of the previous year.
On the other hand, fuel prices have fallen, but with less intensity than the previous year, while electricity has also been affected, with prices rising less than in December 2022, according to data released on Friday by the National Institute of Statistics (INE) . ).
With the moderation of interannual interest rates in December, inflation fell again and fell to the lowest level since August last year, when it stood at 2.6%.
The INE includes in the preview of the CPI data an estimate of underlying inflation (excluding unprocessed food or energy products), which fell by seven-tenths to 3.8% in December, a figure 0.7 points higher than the CPI overall and the lowest since March.
Source: EITB
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