Inflation will rise to 3.4% in January 2024

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Inflation will rise to 3.4% in January 2024

Core inflation fell by two tenths to 3.6%.

OA | EITB media

The Consumer Price Index (CPI) increased its interannual interest rate by three-tenths to 3.4% in January, according to data released on Tuesday by the National Institute of Statistics (INE). On a monthly basis, prices increased by 0.1% from December to January.

The upward trend in annual inflation is mainly due to the increase in electricity prices. On the other hand, fuel prices fell in January.

As things stand, inflation is at its highest level since October last year, when it reached 3.5%.

The Underlying inflationwhich excludes unprocessed foods and energy products, the annual rate has fallen by two-tenths to 3.6%.


Advance payment details for January must be confirmed by INE on February 15.

Source: EITB

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