CPI records new rise in July, impacted by electricity price hike

by times news cr

2024-08-14 18:04:39

Inflation has totalled 3.1% so far this year and 4.6% over twelve months.

He National Institute of Statistics (INE) announced this Thursday morning that the Consumer Price Index (CPI) of July suffered a monthly variation of 0.7%. With this, he accumulates a total of 3.1% so far this year and 4.6% at twelve months.

The report highlighted that one of the products that suffered The biggest increase was in electricitywhich coincides with the rise in the accounts. The document stated that in the seventh month of the year it reached a 12% increaseaccumulating a total of 22.3%.

During July, ten of the thirteen divisions that make up the CPI basket contributed positive incidentstwo of them presented negative incidents and one of them registered no incident.

Divisions that recorded price increases include, for example, housing and basic services (2.2%) with 0.374 percentage points (pp.) and home equipment and maintenance (2.1%) with 0.123pp. While health (-0.1%) registered a decrease.

Products that rose and fell in price

According to the INE report on the CPI for July, in addition to the electricity supply, the products that also increased their prices are: International air transport up 13.5% and a variation of -21.1% so far this year.

Added to this are the common expenses with an increase of 2.9%accumulating 5.3% in the year and the insurance with 4.3% and an accumulation of 7.1% so far this year.

Among that which recorded declines in its valuesthere is the Gasoline down 1.6% and a variation of 3.6 in 2024, along with the tourist packages international with a decrease of 12.1%.

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