The lower price of electricity and gasoline have led to a drop of 0.1% compared to the previous month. However, food prices registered a greater rebound in April than in the same month of 2021.
Euskaraz irakurri: KPIa % 8.4an kokatu da apirilean, beherakada txiki baten ostean
The indicator of Advance Consumer Price Index (CPI) fell 0.1% in April in relation to the previous month and cut its interannual rate 1.4 points, to 8.4%, due to the cheaper electricity and gasolineaccording to advanced data published this Thursday by the National Institute of Statistics (INE).
It is the first decline experienced by inflation after two months of strong increases, which led the CPI to stand at 9.8% in March, its highest rate in almost 37 years.
According to Statistics, the drop in the interannual CPI to 8.4% is mainly due to the decreases in electricity and fuel prices. Instead, the pFood prices registered a greater rebound in April than in the same month of 2021.
Leading indicator Index of #prices of consumption #CPI April 2022
Annual variation: 8.4%, almost 1.5 points below that registered in March
Underlying inflation. Annual rate: 4.4%, increases 1 point
Press release https://t.co/isR60C9if8
More info https://t.co/a8nE3zpD2i@es_INE #INE pic.twitter.com/sSdnVHogFn— INE Spain (@es_INE) April 28, 2022
The INE incorporates in the CPI data preview an estimate of underlying inflation (without unprocessed food or energy products), which increased one point in April, to 4.4%, its highest value since December 1995. In this way, the underlying is four points below the rate of the general CPI.
In monthly rate, the CPI registered a decrease of 0.1% in April compared to March, its first fall after two months of increases.
In the fourth month of 2022, the Harmonized Consumer Price Index (IPCA) placed its interannual rate at 8.3%, one and a half points below that of March.
For its part, the advance indicator of the IPCA fell by 0.2% in monthly rate.
The INE will publish the Final CPI data for April on May 13.
Source: Eitb
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