In contrast, core inflation fell by two tenths to 3.4%.
OA | EITB MEDIUM
The Consumer Price Index (CPI) cut its interannual interest rate by six-tenths to 2.8% in February, according to data released on Thursday by the National Institute of Statistics (INE). However, on a monthly basis, prices increased by 0.3% between January and February.
The downward trend in annual inflation is mainly due to the cheaper electricity Yet the Stability of food prices. On the other hand, fuel prices rose in February.
As things stand, inflation is moderating after the recovery in January and is at its lowest level since last August, when it reached 2.6%.
Furthermore, inflation fell below the 3% limit in February after five consecutive months above this level.
The Underlying inflation, which excludes unprocessed foods and energy products, the annual rate has fallen by two-tenths to 3.4%. This is the lowest underlying interest rate since March 2022, when it also reached 3.4%.
Advance payment details for January should be confirmed by INE on March 14.
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.
