January was a month of slowdowns, with inflation standing at 8.3%.
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Author: Redaction
For the third month in a row, inflation fell to 8.3% in January, 1.3 percentage points lower than in the previous month. This is an estimate from the National Statistics Institute (INE), which indicates a slowdown in the consumer price index (CPI) to 8.3 percent, in relation to the same period of the previous year.
The INE indicates: "based on the information already collected, the year-on-year rate of change of the CPI will have fallen for the third consecutive month, to 8.3% in January 2023, a rate 1.3 percentage points lower than in the previous month".
This decrease is justified by the drop in energy prices, which recorded a year-on-year change of 20.8% in December. Unprocessed food products, however, were up, with a year-on-year change of 17.6% in December and 18.4% in January.
As for the Harmonised Index of Consumer Prices (HICP), it fell to 8.6% compared to January of last year, representing a decrease compared to December.
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