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INFLATION
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The year-on-year CPI remains at 2.7% in August due to the evolution of food, electricity and fuel prices

After rising in June and July, the annual CPI rate has remained stable, while underlying inflation has risen for the second consecutive month, rising by a tenth in August to 2.4%.

precio prezioa ipc kpi alimentos elikagaiak verdura barazkiak erosketa compra EFE
The price of food and electricity has compensated for the price of fuels. Stock Photo: EFE

The annual rate of the Consumer Price Index (CPI) remained at 2.7% in August, according to data advanced this Friday by the National Institute of Statistics (INE).

After two consecutive months of upward growth (June and July), the upward trend in inflation has ceased in August. 

Above all, fuel prices (which have fallen less than last year), the lower price of food and non-alcoholic beverages and the lower price of rgiAthan in August last year have kept inflation intact. 

On the other hand, underlying inflation (which does not include energy and fresh food) has grown by a tenth in August to 2.4%, making it the highest since April. 

Underlying inflation has risen for the second consecutive month.

The advance data for August will be confirmed by the National Institute of Statistics on 12 September.

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