Energy and food confirm a CPI of 10.2% in June

The inflation closed June at an interannual rate of 10.2%, the highest since April 1985, as confirmed by the National Statistics Institute (INE). This evolution came after a rise of 1.9% compared to the previous month, instead of the 1.8% initially estimated.

As a consequence of this evolution, which affects the most essential products, the Government has announced new measures, among which are two taxes for two years for the extraordinary profits of energy companies and for large financial entities.

The transport section, which includes fuel prices, with 19.2%, is the one that increased the most; followed by food and non-alcoholic beverages, with 12.9%. This section highlights the fruits, legumes and vegetables, meat, bread, cereals, milk, cheese and eggs.

On a monthly level, the greatest growth occurred in fresh fruits, with an increase of 11% compared to the previous month. With regard to the increases in the interannual rate in products of the shopping basket Oils and fats stand out, which fell in June, but stood at 37%.

Others basic products that exceed the digits on an interannual level are eggs (23.9%), milk (20.4%), fresh fruits (19.3%), cereals and derivatives (18.4%), beef poultry (14.1%), bread (12.9%), beef (13.1%) or sheep (11.2%), as well as fresh and frozen fish (10.7%). ).

Another variable with a strong year-on-year increase is that of personal transport, with 19.7%, after becoming more expensive by 5% in June compared to higher. In any case, fuels, specifically, add up to a rise of more than 40%. Specifically, the gasoline stands at an annual variation rate of 34.4% and the diesel oil42.7%.

At the gates of the summer holidays, services related to tourism and hospitality also experienced a significant rise, with a monthly increase of 1.8% and an interannual rate of 7.6%. But if the search is restricted, the specific section of hotels, hostels, pensions and similar accommodation services, the interannual rate is 45%.

The INE released the advance data a few days ago, which was the one that has precipitated a new package of measures by the Government.

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The data confirm that the increase in the general level of prices has been transferred to the economy as a whole, as indicated by the Underlying inflation, the one that excludes the most volatile elements, such as energy or unprocessed food, located at 5.5%.

This evolution of prices, which in the euro zone stood at 8.6% in June, the highest level in 20 years, is what has pushed the European Central Bank (ECB) to announce a first rise of the price of money next day 21, to which another will be added in September.

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