The IPC was in December 2017 in 1.1%-six tenths less than in month of November and one less than that anticipated by INE two weeks ago. In moderation of prices it influenced behavior of energy, which experienced rises less charged last month than in December of previous year. In any case, officials and, above all, pensioners end year with loss of purchasing power, one-tenth in case of first and 0.85 points in case of latter.More information
- The IPC closes year at 1.2% and subtracts purchasing power to pensioners and officials
- The strong rise in fuels brings CPI from November to 1.7%
- The CPI repeats in 1.6% in November despite rise of fuels
In monthly terms, prices did not rise in December, so annual rate fell from 1.7% from November to 1.1% of December-after reviewing data of 1.2% advanced a few days ago. It was lowest rate of all 2017, a year that began with CPI shot at 3% in January and February by escalation of fuel prices and, above all, from light. It is precisely this abrupt rise that prices experienced a year ago which now contributes to relax index. It is not that fuels or electricity do not rise, but that y do it more smoothly, so, when comparing current rise with that of a year ago, rate is relaxed. It's so-called base effect.