Inflation climbs to 5.8% in the first month without a discount on gasoline despite the cut in VAT on food

• Inflation and the plastic tax dilute Sánchez's VAT drop

The CPI rose 5.8% year-on-year in January,

one tenth more than in December, due to the impact of the

and despite the

, according to what the Institute announced on Monday National Statistics Office (INE) and will have to confirm in mid-February.

Core

which does not include the price of fresh food or energy products, nevertheless rose by

, half a point more than in December, demonstrating the general contagion of the rise in prices throughout the consumer basket.

January was the first month in which

discount on fuels -petrol and diesel- has not been in force since June, which has pushed up the price of these elements and has contributed positively to raising prices.

However, this effect has been offset by the impact

basic foods, which has reduced the price of daily consumption products such as bread, milk, eggs, fruit,

Today's data is the first published by the INE with the

that it uses to calculate the evolution of prices and that is modified annually in January to reflect changes in consumer habits in Spain .

This implies that, depending on what is purchased,

are included or their weight is increased compared to the total (for example, in 2021 masks were included) and

or their proportion that has ceased to be reduced is reduced. acquired by households, as is the case with some technological elements that become obsolete, such as video tapes.

As reported by the Institute, "the CPI for January 2023

, weights from the National Accounts and incorporates

something that different study services had been demanding for a long time because omitting that information distorted the inflation data.

According to the criteria of The Trust Project

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