The CPI rises four tenths more since July and has been on the rise for eight consecutive months after the collapse of prices due to the pandemic last year
The shopping basket continues to get more expensive for the Spanish. In August, the Consumer Price Index (CPI) rose 0.4% in relation to July, placing its annual rate at 3.3%, the highest since October 2012. This increase is due to the rise in The price of electricity during the month of August, which is already the most expensive month in the history of electricity and which marks its maximum registered so far this Monday.
The data published by the INE reveal that eight months were revealed in consecutive positive rates and it continues at its highest levels since 2017. In monthly rate, the CPI rose again by 0.4% in August, after having fallen by 0.8% in July due to the fall in the prices of clothing and footwear in the sales campaign.
Core inflation (which does not include non-processed food and energy products) rose one tenth to 0.7% in August, thus being more than two and a half points below the general CPI. And the Harmonized indicator (IPCA) stood at 3.3%, four tenths more than the previous month.
The unions have been demanding a rise in wages so that the CPI does not weigh down the families’ economy, but from the Ministry of Economic Affairs they point out that this rise in prices is “temporary”, but that they follow its evolution “very carefully” .