The CPI registered an increase of 0.6% in February compared to January, in contrast to the decrease of 0.4% experienced the previous month; increases by 1.3% compared to February 2021.
The Consumer price index (CPI) went up a 0.6% in February in relation to the previous month and suddenly raised its yoy rate by 1.3%, up to 7.4%its highest rate in 33 years, specifically since July 1989.
With the February data, the interannual CPI chains its fourteenth consecutive positive rate, according to the advanced data published this Monday by the National Institute of Statistics (INE).
In monthly rate, the CPI registered an increase of 0.6% in February compared to January, in contrast to the decrease of 0.4% experienced the previous month.
According to the INE, the increase in the interannual CPI for February to 7.4% (1.3% more than a year ago) is due to the “generalized” increases in most of its components, among which those of the food and non-alcoholic beverages and fuels, as well as the behavior of electricity prices, which fell less in February than they did in the same month of 2021.
It is the second month in which the Statistics publishes the CPI data with the new 2021 base, in which methodological innovations are incorporated that improve the accuracy of the indicator, as well as changes in the composition of the shopping basket and a new structure of weights.
The INE will publish the final CPI data for February in mid-March.
Source: Eitb
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