MADRID, 6 Mar. (EUROPA PRESS) -

The First Vice President of the Government and Minister of Economic Affairs and Digital Transformation, Nadia Calviño, indicated this Monday that there will be "a lot of volatility" in the monthly inflation data, but she specified that it will be at "much lower" levels. than in 2022, "practically" in half.

Calviño, in statements to RNE collected by Europa Press, has assured that 2023 will end "with lower inflation" than at the beginning of the year, although throughout the year there is "a lot of volatility" when comparing the data with those of twelve years ago. months, which was when the war broke out and the Government adopted the first "very effective" measures to lower the CPI.

Asked if the Executive will extend the VAT reduction to other foods, Calviño once again ruled it out, arguing that reducing this tax must be something extraordinary due to its "negative side effects" on the economy.

"The measures must be evaluated very carefully, because many may later have counterproductive effects," pointed out the vice-president, who added that VAT on some foods has already been lowered, with good results, since they have become cheaper.

In addition, he recalled that just a few weeks ago, new measures aimed at lowering prices were taken, such as aid to farmers to compensate them for the rise in fertilizers.

"We are going to continue to closely monitor how the market situation evolves, because inflation is obviously the main problem we have at the moment and it also directly affects families (...) We will continue to act as we have done up to now, supporting families and trying to take measures that are as appropriate and effective as possible", he concluded.