Electricity and gasoline cause the highest rise in inflation for four decades
Prices are out of control and the March CPI data confirmed by the INE on Wednesday corroborates this. Inflation ended March at 9.8%, the same rate that the General Institute of Statistics had advanced a fortnight ago with its first estimates, and which is the highest rate since May 1985. This large rise is mainly due to to the increase in the cost of electricity and fuel, but they are not the only elements that are rising: the entire shopping basket rises in price compared to March a year ago.
In monthly rate (March over February), inflation rises 3%, its highest rise since 2002, with the impact of the war in Ukraine as a backdrop, which has led to the rise in energy prices and problems in supply chains. supplies due to lack of raw materials.
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