The price of sugar rises 50% in the last year and milk and oils are more than 30% more expensive
MADRID, 14 Dic. (EUROPA PRESS) -
The Consumer Price Index (CPI) fell one tenth in November in relation to the previous month and cut its interannual rate by half a point, to 6.8%, its lowest figure since January, just before the war was declared in Ukraine. when the CPI stood at 6.1%, according to the final data published this Wednesday by the National Institute of Statistics (INE), which coincide with those advanced by the agency at the end of last month.
The data for November is four points lower than the peak reached last July, when inflation rose to 10.8%, its highest level since September 1984.
With the moderation registered in November, inflation adds four consecutive months of decreases in its interannual rate after falling three tenths in August, up to 10.5%; in September it fell 1.6 points, to 8.9%, and in October it fell 1.6 points, to 7.3%.
According to the INE, the moderation of the year-on-year CPI to 6.8% in November is mainly due to the drop in the prices of fuels, electricity and diesel for heating and hotels.
The fact that the prices of clothing and footwear, due to the new winter season, have risen less in November of this year than they did in the same month of 2021 also influences the moderation of inflation.
Food prices, for their part, grew by 15.3% in November in the interannual rate, one tenth less than in October. Within foods, those that have risen the most in price in the last year are sugar (50.2%); oils and fats (31.5%); milk (30.9%); eggs (27.1%); cereals (22.9%); dairy products (21.7%) and potatoes (21.5%).
Without taking into account the reduction of the special tax on electricity and the variations on other taxes, the interannual CPI reached 7.3% in November, five tenths above the general rate of 6.8%. This is reflected in the CPI at constant taxes that the INE also publishes within the framework of this statistic.
In monthly terms (November over October), the CPI registered a decrease of one tenth, in contrast to the rise of three tenths experienced in October.
Core inflation (excluding unprocessed food and energy products) rose one tenth in November to 6.3%, which is five tenths below the general CPI rate.
In the penultimate month of 2022, the Harmonized Consumer Price Index (IPCA) placed its interannual rate at 6.7%, six tenths lower than that registered in the previous month. For its part, the monthly variation of the IPCA registered a decrease of three tenths.
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