Inflation moderates slightly: the CPI rose 8.4% in April with the discount on fuel

The

in the month of

, when the Consumer Price Index (

) has registered an increase of

in year-on-year terms, compared to the rise of 9.8% that it had experienced in March.

Inflation has eased somewhat this month, coinciding with the entry into force of

that came into effect on April 1.

Even so, it is the

that has occurred in this index since

, when the CPI in Spain rose 9.3% in October, and continues to produce an

in the country.

This data,

) and that will have to be confirmed in mid-May, means that prices rose by 8.4% compared to April last year and

in what It goes from year to

.

Institutions such as the Bank of Spain forecast that the CPI will rise by 7.5% on average in the year.

Core

-which excludes the price of energy products and food from the calculation- shot up, however, by

, one point above the increase in March (3.4%), which reflects

from energy and food prices to other goods in the consumer basket and the danger of second-round effects consolidating that would plunge the economy into an

In

terms , that is, analyzing the rise experienced by the index this month compared to last,

, which means that prices were 0.1% lower in April than in March .

The core CPI, on the other hand, rose by 1.8% in a single month.

Inflation has reached very high levels in Spain this month despite the fact that on April 1 a discount approved by the Government came into force that cut

by 20 cents: 15 cents are returned to drivers by the public coffers and the remaining 5 are in charge of the service stations.

The economists on the panel of the Savings Banks Foundation (

) had predicted that this measure would only serve to

Moderation the next few months

Despite the fact that the rise in prices was very high,

and the beginning of a

on with inflation, after fourteen consecutive months of increases except for January, in which the IPC fell four tenths.

have not yet been approved

, but the Executive has already agreed with the European Commission to limit

the price of natural gas to

jointly with Portugal, with which predictably in the coming months the price of electricity will moderate and, with it, the CPI.

will be voted on in the Congress of Deputies

, which apart from including the discount on fuel that is already in force, contains measures such as the

or lower

among other policies that could also serve to decongest price increases.

It also contains social, energy, aid to the countryside, culture or those agreed with the transport sector.

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