National Statistics Institute

Non-alcoholic beverages have also influenced the descent. It is the fourth consecutive fall of this indicator. It reached its peak in April and has been moderating its results. Annual inflation has fallen for the fourth consecutive month and has been located in August at 2.9%, two tenths less compared with July, according to the advance indicator of the index of consumer prices (CPI) published on Tuesday by the National Statistics Institute (INE). Prices of fuels and lubricants, as well as food and non-alcoholic beverages, have been those who have most influenced the CPI for August. The INE also published the advance indicator of the HICP (HICP), which measures the evolution of prices with the same method in all countries of the euro zone, according to which, the inflation has been in August at 2.7 per cent, three-tenths less compared with the previous month. A preview of the results in advance indicator is a breakthrough of the IPC, whose final data will be known on September 13 and does not usually vary from significantly. Prices have been an evolution on the rise since September last year, when annual inflation stood at 2.1% and reached its peak in April this year, when it reached 3.8%.

In may, although the CPI continued to rise, he did so to a lesser extent reaching 3.5 per cent year on year, and since that month, he has continued his moderation. INE began the dissemination of advance indicator of the CPI in January this year, because from that date the methodologies underlying the calculation of the CPI and the HICP differ in the treatment of clothing and footwear and the fresh fruit and vegetables, by the entry into force of a regulatory change in the European Commission. Although the INE published indicator ahead of the IPCA since 2004, now offers a more complete information on the evolution of consumer prices. Source of the news: the CPI fell two tenths its rate in August, up 2.9%, thanks to food and fuel.