US EditionFood prices cool down: they moderate to 2.5% in August, the lowest rate in almost three years
11 Articles
11 Articles
The reduction in fuel and lubricants, which rose in the same month of 2023, has influenced this moderation.
Inflation in the shopping basket seems to be slowly returning to normal levels after a brutal cycle in which price increases reached 16.6% year-on-year. According to data from the Consumer Price Index (CPI) published by the National Statistics Institute (INE) this Thursday, the price of food increased by 2.5% last August, the lowest increase observed since October 2021. With regard to the general index, the INE has revised upwards by one tenth t…
Inflation moderated and continued its downward trend in the month of August, reaching 2.3%, according to data released this morning by the National Statistics Institute (INE). The CPI figure for August fell five tenths, driven by the reduction in the price of food, which marks the lowest rate in the last three years, of 2.5%, a figure that has not been seen since October 2021 and which normalizes the price of food after accumulating an increase …
Summer has left more than tourists for the country, it has also brought a notable slowdown in inflation, as confirmed this Thursday by the National Statistics Institute (INE). The Consumer Price Index closed August at 2.3%, five tenths lower than in July and the lowest rate in a year, despite the fact that it is one tenth higher than the figure released two weeks ago. The underlying one, which excludes fresh foods and energy because they are the…
Food inflation fell to 2.5% in August, which is the lowest rate in almost three years, since October 2021, according to data released by the INE this morning. With this reduction of six tenths compared to July, the downward trend in the food CPI is confirmed, which is one of those that has hit family economies the most in recent months, and the area where precisely the slowdown in prices is costing the most. Recall that this year began in Januar…
The National Statistics Institute (INE) has revised the consumer price index (CPI) for August one tenth upwards, to 2.3% year-on-year, five tenths less than the previous month, while food inflation fell by six tenths, to 2.5%, the lowest rate in three years. The INE confirmed this Thursday the underlying inflation rate (without energy or unprocessed food) advanced two weeks ago, which stood at 2.7% year-on-year in August, one tenth lower than th…
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