Inflation is moderated to 2.2% in April by the decrease in gas, light and gasoline and marks its lowest level since October
Slight moderation of prices in April. According to preliminary data advanced on Tuesday by the National Institute of Statistics (INE), Inflation has fallen slightly In an interannual rate with respect to the month of March, which means that prices have slightly slow down their increase. Specifically, It has been 2.2%, a tenth below the March brandbut at its lowest level since October. However, the underlying IPC has advanced four tenths until it is 2.4%.
The INE attributes the moderation of the CPI, mainly, to the decrease in gas pricesin front of the rise in April 2024, and the decrease in electricity prices, greater than in April last year. Also, to fuels and lubricants for personal vehicles, whose prices fall, while in the same month of the previous year they increased.
From the Ministry of Economy they positively value prices behavior. “Spain continues to compatible with the highest economic growth among the economies developed with a moderate inflation, despite the high uncertainty of the international environment “sources from the department of Carlos body point. “This is allowing these excellent macroeconomic data to also be transferred to micro data, improving the situation and economic perspectives of our companies and families,” they add.
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