Food prices cool down: they moderate to 2.5% in August, the lowest rate in almost three years

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The reduction in fuel and lubricants, which rose in the same month of 2023, has influenced this moderation.

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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 …

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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…

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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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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 lower than the previous month, while food inflation fell by six tenths, to 2.5%, the lowest rate in three years. The INE confirmed this Tuesday the core 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 the prev…

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The National Statistics Institute (INE) has revised the consumer price index (CPI) for August by one tenth upwards, to 2.3% year-on-year, five tenths less than the previous month, while food inflation was cut by six tenths, to 2.5%, the lowest rate in three years, reports EFE.The INE did confirm this Tuesday the core inflation rate (without energy or unprocessed food) advanced two weeks ago, which stood at 2.7% year-on-year in August, one tenth …