The price of electricity rises 9% this Friday, up to 301 euros/MWh


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The index of Consumer Prices (CPI) fell 0.3% in July in relation to the previous month, although its interannual rate shot up to 10.8% points, its highest level since September 1984 and six tenths above that registered in June, according to the final data published this Friday by the National Institute of Statistics (INE).

The body thus confirms the data that advanced at the end of last month, although it has raised the anticipated monthly increase by one tenth. With the surge in July, inflation chains two consecutive months above 10%after it stood at 10.2% in June.

According to him INEthe increase in the interannual CPI up to 10.8% in July is mainly due to the house price risesup to 23% due to the prices of electricity, clothing and footwear, with an annual variation of 5.0%, and to food and non-alcoholic beverages, which places its rate at 13.5%, the most high since the beginning of the series, in January 1994.

On the other hand, transport prices dropped three points compared with June data, up to 16.2%, due to the drop in the price of fuels and lubricants.

The underlying scales up to 6.1%

The Underlying inflation (without unprocessed food or energy products) increased six tenths in July, to 6.1%, its highest value since January 1993.

In the seventh month of 2022, the Harmonized Consumer Price Index (IPCA) placed its interannual rate at 10.7%, seven tenths above the data for June.

The monthly variation of IPCA showed a decrease of 0.6%according to INE data.


Source: Vozpópuli by www.vozpopuli.com.

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