Electricity and gasoline are driving up prices, and inflation is at levels not seen since 1986.
The Consumer Price Index (CPI) rose during the month of February in the Basque Country by 0.8% in relation to January and the interannual rate stands at 7.4%, according to data from the National Institute of Statistics published this Friday.
At the State level, the CPI rose by 7.6% in February compared to the same month of the previous year, the highest figure since December 1986. In addition, this data does not yet reflect the impact of the war in Ukraine.
Compared to the previous year, this February housing prices rose above all (+25.4%), something caused by the prices of electricity and fuel for heating; transportation (+12.8%), also due to fuels, and food and beverages (+5.6%).
In this group, legumes and vegetables and milk, cheese and eggs have become more expensive. The group that the INE collects as hotels, cafes and restaurants has also become more expensive by 3.6% due to the increase in restaurant prices.
If the reduction of the special tax on electricity and those of other taxes had not been extended, the interannual CPI would have reached 8.5% in February, nine tenths more than the general rate of 7.6%. This is reflected in the CPI at constant taxes that the INE also publishes within the framework of this statistic.
Source: Eitb
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