We analyze the shopping basket: what has gone up and down in price so far this year?

Published 2020년 8월 14일

Tridge summary

The article provides an overview of Spain's inflation rate, as reported by the National Institute of Statistics (INE), for the period from April to July during the lockdown. It highlights a consistent monthly decrease in the Consumer Price Index (CPI), with a total drop of 1.6% over the four-month period, featuring a -0.6% decrease in July. The article points out the significant effects of the pandemic on various consumer goods and services, including food, beverages, alcohol, tobacco, clothing, footwear, and fuel prices. It also mentions the varied price trends across different categories, such as increases in fresh fruits, breakfast cereals, and sugar, contrasted with decreases in fresh fish, olive oil, and other meats. Additionally, it notes the effects on the housing market, with rent increases despite economic downturns, and the impact on the transport sector, attributed to reduced vehicle traffic leading to lower fuel prices. The article provides a detailed, data-driven insight into how the Spanish economy and consumer market have been affected by the pandemic, highlighting the notable shifts in market dynamics across a range of key sectors.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The confinement brought with it a boom in the consumption of food and other goods considered essential. An increase that caused a rise in prices of some products, although there were also falls. The household shopping basket was filled more than ever. But the state of alarm also led to the halt in sales of non-essential goods, at least physically. This has had consequences for the CPI, which has been chained for four consecutive months with negative annual rates. Yesterday the INE released the final data for July, which closed with -0.6%. In addition, in the seventh month of the year the INE reported that the entire basket of IPC products was already available for purchase by households. In this way, the price estimation methods that were designed to be applied exceptionally during the months of April, May and June have ceased to be used, returning to the usual methods. Thus, since yesterday it is already possible to know, according to the traditional formula, how the prices of ...
Source: ABC.es

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