Inflation Rises to 2.7 per Cent in July Due to Rising Electricity and Fuel Prices
23 Articles
23 Articles
Inflation rose four tenths in July compared to the previous month's figure, pushed by an increase in energy prices compared to 2024, when a reduction was recorded, and, although to a lesser extent, a cost of fuels that remains well above that recorded in July last year. Thus, the Advance Indicator of the Consumer Price Index (CPI) published on Wednesday by the National Institute of Statistics reached 2.7% year-on-year (compared to 2.3% recorded …
Prices have rebounded in July due to the push of tourist demand, the rise in the prices of services associated with the summer season and, also, due to a basic effect related to the evolution of energy prices a year ago. The data published this Wednesday by the National Institute of Statistics (INE) puts the consumer price index (IPC) at 2.7% year-on-year, which, if confirmed in a couple of weeks, would mean an increase of four tenths compared t…
This increase is explained by a base effect associated with the fall in the price of electricity in July 2024, and by the rise in fuel prices.The underlying inflation continues to stabilize and remains at 2.3% year-on-yearThe central bankers assume that the greed of the companies triggered inflation and that it is again the highest risk.Inflation rose by 2.7% this month, according to the advance indicator published on Wednesday by the National I…
The increase of fuels compared to July 2024 has also influenced the escalation of the data
The July increase in consumer prices was mainly contributed by the increase in electricity prices
Prices increased in July by 2,7 % compared to the same month of 2024, a four-tenth increase higher than in June (2,3 %) due to the increase in electricity and, to a lesser extent, fuel prices.The National Institute of Statistics (INE) published on Wednesday the advance data of the consumer price index (CPI) of July, which if confirmed would be the second consecutive increase in inflation, which is thus at the highest level since February.The INE…
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