Escalation In Light Raises Prices By 3.3% In August

The rise in electricity prices brought the consumer price index (CPI) to 3.3% year-on-year in August, four tenths more than in July and the highest rate since autumn 2012, according to data confirmed this Tuesday by the National Institute of Statistics (INE).

Pedro Sánchez, in the interview on TVE.
Sánchez will lower taxes and limit the price of gas to stop the rise in electricity
With this August rate, inflation has risen for the sixth consecutive month.

The price evolution in August was mainly contributed by the rise in electricity prices, which is setting record prices in the wholesale market, as well as fruits, cars and fuel for personal transport.

Specifically, the housing group increased its interannual rate in August by more than two points , to 11.5%, due to the rise in the price of electricity, while the food and non-alcoholic beverages group increased its rate by two tenths, up to 1.9%, due to the increase in prices of fruits.

A man observes the wiring of the electrical network in Bilbao.
At the same time, the transport group increased its interannual variation three tenths, to 8.8%, due to the increase in the prices of cars and, to a lesser extent, gasoline for personal transport, which rose more in August of this year than in the same month of 2020.

In monthly rate (August over July), the CPI rose 0.5%, one tenth above the data advanced by Statistics at the end of last month. The rise in electricity, fruits, vegetables, oils, accommodation services, tourist packages, fuel and automobiles contributed to this increase.

Core inflation (excluding non-processed food and energy products) rose one tenth in August, to 0.7%, more than 2.5 points below the general index. The INE highlights that this difference between the two rates is the highest since the beginning of the series , in August 1986.

In the eighth month of 2021, the Harmonized Consumer Price Index (HICP) increased its interannual rate four tenths, to 3.3%, while it rose 0.4% in the monthly rate.

By communities
The interannual CPI grew in all the autonomous communities . The largest increase occurred in the Canary Islands, with a rise of six tenths, while Catalonia, Castilla y León and the Autonomous Community of Navarra recorded the lowest increases in their annual rates, with an increase of three tenths in each of them.

The CPI for Andalusia and the Basque Country is at the same interannual rate as the whole of Spain (3.3%).

Ten autonomies and Melilla are above the national average, with Castilla-La Mancha leading the way, with an interannual rate of 4%.

On the contrary, according to INE data, five autonomous communities and Ceuta are below the average for the whole of Spain, and the Canary Islands is the one with the lowest rate in the whole country, 2.4%.

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