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The Consumer Price Index (CPI) rose 0.3% in April in relation to the previous month and cut its yoy rate by seven tenths, down to -0.7% , which led this indicator to enter negative rates by First time since August 2016 and at its lowest rate since June of that same year, as confirmed by the National Statistics Institute (INE) this Thursday .

With this collapse of seven tenths, the year-on-year CPI chains three months of setbacks. The statistical agency has attributed the decrease in the interannual rate of the CPI to the lower prices of fuels and fuels and of electricity and diesel for heating.

The INE has explained that the declaration of the state of alarm has caused an "unprecedented" situation in the production of the CPI for the month of April, since it is the first time that a considerable part of consumer goods and services are not available for sale. acquisition or only through the web. To this we must add that the collection of prices has had to be carried out entirely by telematic methods. Thus, to calculate the CPI for April, 30% of prices had to be estimated.

Due to the situation of confinement of households by Covid-19 , the INE has prepared two special aggregations that include the effect on the prices of goods and services that most households have continued to consume in the current situation .

Fresh foods are more expensive 2.6%

The prices of the products included in the ' Covid-19 special goods group ', which includes food, beverages, tobacco, household cleaning, pet food and personal care products, increased 1.1% in April compared to the previous month.

Within this group, fresh foods increased their prices by 2.6%, highlighting the increases in fresh vegetables, which rose 10.4% compared to March; fresh seafood (+ 3.5%), fresh fish (+ 2.7%) and potatoes (+ 2.6%). Sheep meat recorded the greatest decrease (-2.1%).

Packaged foods, meanwhile, increased their prices by 0.7% in the monthly rate, mainly due to the rise in pizzas (+ 3.6%), and pasta and fruit juices (+2.5 %).

For its part, the prices of the 'special group services Covid-19 ', which include the rental services of housing and garage, water distribution, sewage, garbage collection, community expenses, electricity, gas, diesel for heating , streaming telephony, music and television, insurance, bank fees and funeral services, decreased 1.5% in April compared to March.

The INE attributes this decrease to the lower cost of diesel for heating and electricity, with decreases of 18.1% and 5.8%, respectively.

In accordance with the criteria of The Trust Project

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