Inflation falls by a tenth in December and ends the year at 3.1%.

Inflation falls by a tenth in December and ends the year at 3.1%.

Inflation falls by a tenth in December and ends the year at 3.1%.

Inflation recorded 3.1% in DecemberOne-tenth lower than the rate recorded in NovemberAccording to advanced Consumer Price Index (CPI) data published yesterday by the National Institute of Statistics (INE). The living organism that The final figure will not be given until the beginning of next January, and this stability is attributed to the moderate prices of food and non-alcoholic beverages.Compared to the increase recorded in December of the previous year.

this The consumer price index, in short, means a new moderation in the general level of prices, after two closures for the years 2021 and 2022, which is very dark for the economies of families and families.. Now, markets and experts take for granted that prices tend to return to normal. “We cannot speak even if there is a decline, at least in the food sector, but we can speak of a certain stability,” said ESADE Department of Economics, Finance and Accounting professor Pedro Aznar. Electricity, whose prices rose less than in December 2022, also influenced this moderation in the CPI. In the opposite direction, the National Institute of Statistics indicates, fuel stands out, as its prices decreased, but at a lower intensity than the previous year. In the case of the consumption basket, the stabilizing factor was lower grain prices, thanks to the injection caused by the entry of grains from Eastern Europe.

The Ministry of Economy, Trade and Enterprise yesterday highlighted that thanks to the measures taken by the government, “general and core inflation maintains its downward path, allowing wages to continue to gain purchasing power and Spanish companies to be more competitive, even in difficult times.” International context.”

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In concreteThe estimated annual rate of change in core inflation (the general index excluding unprocessed food and energy products) fell by seven-tenths to 3.8%, the lowest level since last March. Consumer prices last December recorded a rate of 0.0% compared to November, according to the Advanced Index of the Consumer Price Index.

purchasing power

For its part, the unions announced that if the data presented yesterday are confirmed, Wages in 2023 will have gained purchasing power. CCOO union leader Mari Cruz Vicente stressed that the inflation rate remains high and noted that the war in Ukraine continues to lead to social and economic instability, so measures to contain it and aid are still necessary to mitigate it.

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