The drop in food leaves the January price rise at 1%

The drop in food leaves the January price rise at 1%

The CPI decreased two tenths with respect to December, also due to the containment of transport due to the lower increase in fuel prices and the fall in consumer prices due to the sales period

  After the sharp decline in prices in the final stretch of the year, in which in just two months fell a point, 2019 begins with an even greater moderation. Thus, the CPI for January stood at 1% , according to data confirmed by the INE this Friday, due to the moderation in the price of food and non-alcoholic beverages, whose annual rate fell four tenths to 0.9%.

This figure is two tenths lower than in December, also influenced by the containment of transport prices, which fell because fuels rose in January less than in the same period of 2018. It cut four tenths its annual rate to 0.2% .


  Also, consumer prices fell by 1.3% in January compared to the previous month due to the period of sales as usual. The dress and shoes fell by 15.4% in one month. The leisure and culture also fell by 2.3% and housing tour packages for the cheapening of you, light and heating oil.

The food that has increased the most in the shopping basket are potatoes , which increased their price only in one year by 12.1%, fresh fruits (+ 5.4%), vegetables (+ 5%) ) and alcoholic beverages (+ 3.5%). On the other hand, what fell the most this year was oil (-12%), followed by fresh and frozen fish (-2.3%), canned fruits and nuts (-0.5%) and sugar (-0.5%).

Increase in purchasing power
Since last November prices have been moderating, from the maximum rate that marked in October from 2.3% to 1% today. This rate means that prices are now 1% higher than a year ago, which means a gain in purchasing power by many population groups, such as the more than 9.6 million pensioners , who revalued their payrolls by 1, 6% in general and 3% for the lowest.

Also 2.5 million officials have gained purchasing power after their salaries have grown this year 2.5% for the increase approved by Royal Decree. Even in general, the increase in salaries in the new collective agreements are agreed with the unions at 1.95% on average.