The rebound in inflation in January was somewhat more moderate than, which details that the CPI finally raised a tenth at an interannual rate, to 2.9% (and not at 3% initially planned), thanks especially to the decrease in the decrease in Price of olive oil, which decreased by 21.9% in the last year.
The agency explains that the increase in CPI up to 2.9%, which is the highest value since last June, when it stood at 3.4%, is due to the increase in fuels and the prices of the electricity, which in January increased more than in the same month of the previous year.
Specifically, the transport group raised its year -on -year rate in January, to 1.3%, for the rise in prices of fuels and lubricants for personal vehicles, compared to the descent they experienced in January of the previous year. For its part, the housing group increased its rate five tenth, to 7.9%, due to the increase in electricity.
In this sense, it should be remembered that as of January 1 of this year, the VAT of electricity has returned to 21%, compared to the type of 10% that was applied until December 31, 2024. By Against, the leisure and culture group cut 1.3 points its year -on -year rate in January, to 1.9%, because the prices of tour packages fell more than in the same month of 2024.
The Ministry of Economy, Commerce and company has stressed in a statement that the increase of one tenth of inflation in January is explained by the increase in prices of fuels and electricity, while stressed that inflation of the inflation of the Food remained in January at 1.8%, more than one point below general inflation. “In this good behavior, the drop in the price of olive oil, 21.9% in the last year, is especially relevant,” underlines the department directed by Carlos body.
With the advance of the year -on -year IPC in the first month of the year 2025, inflation chains four consecutive months of promotions and reaches its highest value since June, when it stood at 3.4%.
For its part, the underlying rate (without foods not elaborated SNI energy products) was reduced two tenths in January, to 2.4% year -on -year, six tenths below the general index. This data is the same as the one advanced by statistics at the end of last month.
It also coincides with the estimation of the INE The monthly data of the CPI, which rose 0.2% in January in relation to the previous month, for the increase in gasoline and light.
