The Consumer Price Index (CPI) rose 0.4% in August compared to the previous month and placed its

interannual rate at 3.3%,

four tenths above that of July and the highest in almost nine years , since October 2012, according to advanced data published this Monday by the National Institute of Statistics (INE).

With the August data, the year-on-year CPI chains its eighth consecutive positive rate and continues at its highest levels since 2017.

According to Statistics, in the interannual behavior of the CPI, the rise in electricity prices stands out, higher this month than in August of last year.

In monthly terms, the CPI returns to positive rates, rising 0.4% in August, after falling 0.8% in July after adding four consecutive months of increases.

The INE incorporates in the advance of CPI data an estimate of core inflation (excluding non-processed food or energy products), which increased by one tenth to 0.7% in August, reaching more than two and a half points below that of the general CPI.

In the eighth month of 2021, the Harmonized Consumer Price Index (HICP) placed its interannual rate at 3.3%, four tenths more than that registered the previous month.

For its part, the leading indicator of the HICP rose 0.4% in monthly rate.

The INE will publish the final CPI data for August on September 14.

According to the criteria of The Trust Project

Know more

  • INE

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