The evolution of the general CPI is due to the increase in fuel prices, which fell in December last year, and a greater increase in leisure and culture prices compared to the same month in 2023.
He Consumer price index (IPC) has increased 0.4% in December compared to the previous month and raised the interannual interest rate by four-tenths upward 2.8%This is evident from data released on Monday by the National Institute of Statistics (INE).
The organization explained that the increase in the CPI is due to the increase in fuel prices and, to a lesser extent, leisure and culture prices, which rose more sharply in December than in the same month of the previous year.
With the increase in the interannual CPI in the last month of 2024, inflation will increase chain three consecutive months of promotions and reaches the highest value since July, when it also stood at 2.8%.
However, the Ministry of Economy, Trade and Affairs has emphasized that the CPI will be closed in 2024 eight-tenths below the 2023 averagethat was 3.6%.
The INE will publish the final CPI data for December on January 15.
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.
