Sunday, September 24, 2023

August veterinary prices remained above the overall CPI for the third consecutive month

The National Statistics Institute (INE) published data on the Consumer Price Index (IPC) relative to the month of August, marking the annual rate of 2.6% slightly higher than what was registered last month (2.3%).

In this way, it increased by three tenths in August, after having increased by four tenths in July. The main reason for the increase is foods which continues for more than 10% and other factors such as restaurants, which exceeded 6%.

As usual, INE also calculated the interannual rate of CPI at veterinary services and other types for domestic animals, which is in August 3.3%. This represents another month of almost 3%, something that has happened since mid-2021.

This month, the CPI for veterinary services fell by 2 tenths compared to July, returning to the 3.3% it marked in June and continuing the period of stability, although above the overall CPI, which it surpassed in June, being on top for the third month in a row. Of course, the overall CPI is also approaching the latest increase.

INE also collects monthly the CPI of pet products that after making records in recent months, reaching 21.1% in February of this year, seems to continue its low fashion something that happened in the last 6 months, except last month, when it stabilized at around 12%.

This month of August CPI of products for pets fell again and it is already located at 10.7%a figure similar to food and non-alcoholic beverages, which this month reached 10.5%.

Nation World News Desk
Nation World News Desk
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