The uncontrolled price of light takes the CPI in August 3.3%, its highest level in almost a decade

The consumer price index (CPI) rose 0.4% in August in relation to the previous month and placed its year-on-year rate at 3.3%, four tenths above July and the hi

The uncontrolled price of light takes the CPI in August 3.3%, its highest level in almost a decade

The consumer price index (CPI) rose 0.4% in August in relation to the previous month and placed its year-on-year rate at 3.3%, four tenths above July and the highest in almost nine years , since October 2012, according to advanced data published on Monday by the National Institute of Statistics (INE).

With the August Data, the interannual IPC chains its eighth consecutive positive rate and continues at its highest levels since 2017.

According to statistics, in the interannual behavior of the IPC highlights the rise in electricity prices, greater this month than in August last year.

In a monthly rate, the IPC returns to positive rates by uploading 0.4% in August, after falling 0.8% in July after adding four consecutive months of promotions.

The INE incorporates an estimate of the underlying inflation into the IPC data advance (without unprocessed foods or energy products), which increased one tenth to 0.7% in August, with which is more than two and a half points below that of the general IPC.

In the eighth month of 2021, the Harmonized Consumption Price Index (IPCA) placed its year-on-year rate at 3.3%, four tenths more than that registered the previous month.

On the other hand, the IPCA advance indicator rose 0.4% at monthly rate.

The INE will publish the definitive data of the IPC of August next September 14th.

Updated Date: 03 September 2021, 14:25

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