The increase in the consumer price index (CPI) is due to the increase in gas and food prices. On the other hand, core inflation is below the headline index for the first time since November 2022.
OA | EiTB media
The consumer price index (CPI) has increased in value by a tenth year-on-year rate in April, up to 3.3%due to the increase in gas and food prices, according to data released on Thursday by the National Institute of Statistics (INE).
The upward trend in annual inflation is mainly due to the rising prices of gas and food. On the other hand, prices for leisure and culture fell in April this year, compared to the recovery they recorded in the same month last year.
So the interannual CPI chains two consecutive months of promotions after the four-tenths it rose in March.
In monthly terms, from March to Aprilprices have risen by seven tenths.
The Underlying inflation, which excludes unprocessed foods and energy products, has fallen in its annual rate by four-tenths to 2.9%. In that sense, this is the first time since November 2022 Core inflation is below the headline CPI rate.
Advance payment details for April should be confirmed by INE on May 14.
Source: EITB
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