The INE corrects itself and announces that inflation grew by 7.6% in February, the highest rise since 1986

The

(INE) corrected this Friday the inflation data for February by announcing that

the largest increase since

in which the CPI rose by 8, 3%.

The INE had anticipated at the end of February that prices had risen by 7.4% year-on-year in the month of February, a record since 1989, due to the unparalleled rise in

and other goods and services .

The costs associated with

, such as

, were the main responsible for the increase, shooting up

in February;

followed by the price of

due to the increase in

;

and

and non-alcoholic beverages

.

Inside the supermarket, he highlighted the rise in bread and cereals.

The INE has not made any changes to the evolution of

-which does not take into account the price of fresh food or energy products-, leaving it at

, which was it places more than four and a half points below that of the general CPI.

The

, which began its upward path in

due to the mismatch between supply and demand derived from the pandemic,

causing the price of gas soar in the face of uncertainty about its supply and that the price of some products of which Russia and Ukraine are the main exporters, such as cereals and feed, also increased.

The

notice in their pockets the rise in the

-which this week has broken the record of 700 euros per megawatt/hour-, of

-which is already paid in Spain at more than 2 euros per liter after rising 36%- and of the

-with a year-on-year rise in food of 21%-.

With this, they assume an

Inflation has become the

, as the European Central Bank (ECB) demonstrated yesterday by tightening its monetary policy.

According to this institution,

could be

this year but, in the worst case, if the war becomes entrenched, it could reach

Raymond Torres, director of economic analysis for the

panel of economists

, has already warned that the CPI could reach

, but if the war in Ukraine continues and If the international supply of Russian gas is cut off - either because the West decides to stop buying it or because Vladimir Putin stops selling it - then inflation

Conforms to The Trust Project criteria

Know more

• INE

• Ukraine

• Vladimir Putin

• Russia

CPI Inflation shoots up 7.4% in February after the outbreak of the war in Ukraine, a record since 1989

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