Inflation stood at 2.9% in January, one tenth lower than superior, as a result of drop within the worth of olive oil | Economy | EUROtoday

The rebound in inflation in January was considerably extra reasonable than superior by the National Statistics Institute (INE), which particulars that the CPI lastly rose a tenth at an interannual charge, as much as 2.9% (and never at 3% initially deliberate), thanks above all to the drop within the worth of olive oil, which decreased 21.9% within the final yr.

The company explains that the rise in CPI as much as 2.9%, which is the very best worth since final June, when it stood at 3.4%, is as a result of enhance in fuels and the costs of the electrical energy, which in January elevated greater than in the identical month of the earlier yr.

Specifically, the transport group raised its yr -on -year charge in January, to 1.3%, for the rise in costs of fuels and lubricants for private autos, in comparison with the descent they skilled in January of the earlier yr. For its half, the housing group elevated its charge 5 tenth, to 7.9%, as a result of enhance in electrical energy.

In this sense, it must be remembered that as of January 1 of this yr, the VAT of electrical energy has returned to 21%, in comparison with the kind of 10% that was utilized till December 31, 2024. By Against, the leisure and tradition group minimize 1.3 factors its yr -on -year charge in January, to 1.9%, as a result of the costs of tour packages fell greater than in the identical month of 2024.

The Ministry of Economy, Commerce and firm has careworn in a press release that the rise of 1 tenth of inflation in January is defined by the rise in costs of fuels and electrical energy, whereas careworn that inflation of the inflation of the Food remained in January at 1.8%, multiple level under normal inflation. “In this good behavior, the drop in the price of olive oil, 21.9% in the last year, is especially relevant,” underlines the department directed by Carlos body.

With the advance of the year -on -year IPC in the first month of the year 2025, inflation chains four consecutive months of promotions and reaches its highest value since June, when it stood at 3.4%.

For its part, the underlying rate (without foods not elaborated SNI energy products) was reduced two tenths in January, to 2.4% year -on -year, six tenths below the general index. This data is the same as the one advanced by statistics at the end of last month.

It also coincides with the estimation of the INE the monthly data of the CPI, which rose 0.2% in January compared to the previous month, for the increase in gasoline and light. This is the greatest increase in a January since 2000. With the rebound in January, inflation accumulates four consecutive months of monthly promotions. The monthly IPC advance is due to the price increase in the housing group by 3.8% due to electricity and the rise in the transport group by 0.8% due to the increase in gasoline.

On the other hand, in January the prices of the dress and the footwear for the winter sales collapsed by 11.2%, and the group of leisure and culture cut its monthly rate 3.3% due to the lowering of the tour packets.

For its half, the harmonized IPC (IPCA) climbed one tenth in January, to 2.9%, and decreased 0.1% in month-to-month values.