Food in August, 2.2% more expensive than a year ago

Published 2020년 9월 11일

Tridge summary

In August, the National Institute of Statistics (INE) reported a 2.2% increase in the annual rate of food prices, with fresh fruits seeing the highest increase at 10.9%. This contrasts with the overall CPI, which decreased by 0.5%. Sheep meat, fresh and frozen poultry, and fish also contributed to the food price increase. However, prices for potatoes and oils and fats decreased. The prices of alcoholic beverages and tobacco remained stable monthly but increased by 0.5% annually.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This is indicated by the data on inflation (CPI) published this Friday by the National Institute of Statistics (INE), which reflects in the fourth and fifth months of the year that food became more expensive by 4 and 3.5%, respectively, while in June the upturn softened and stood at 2.8% and, in July, at 2.2%. The annual increase of 2.2% in August is mainly due to the increase in the price of fresh fruits (+10.9%), sugar (+7.9%) and sheep meat (+7.2% ); potatoes and their preparations (-4.8%) and oils and fats (-4.0%) were the only categories with negative values. Food prices rose 2.2% in August in their annual rate. Efeagro / Toni Galán Even so, food is the section that registered the highest annual increase in August, in contrast to the general CPI data, which stood at -0.5%, one tenth less than that of July. Annual variation of the Food CPI for the month of August. Efeagro / MM In a monthly rate, the prices of food and non-alcoholic beverages increased slightly in August (+ ...
Source: PEefeagro

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