Preparation a The potato omelette currently costs 52.5% more that a year ago, making a cake was 42.5% more expensive and toast with butter cost 12% more, in a context marked by the rise in the price of olive oil, which increased at 52% in August. 5% compared to the same month in 2022, the highest year-on-year increase in 21 years, and increased by 8.7% compared to the month of July, the EP reports.
In this way, making a potato omelette costs 52.5% more in August than last year. due to the increase in olive oil, the 18% increase in the price of potatoes and the 12.3% increase in the price of eggs, according to data from the CPI statistics published this Tuesday by the National Institute of Statistics (INE).
For its part, cake making is 2.5% more expensive in August due to increase in the price of sugar, the second product that increased a lot its price in August, 12% higher due to the increase in the price of butter, 12.3% higher than the price of eggs, 30.9% higher than the price of oil and fat, while flour and other cereals became more expensive at 0.7%.
Breakfast also became more expensive this August, since a piece of toast with butter increased in price by 12%, due to the increase of butter and bread by 4.5% more.
However, when cooking you need to keep that in mind the price of electricity decreased by 49.6% in August compared to the same month last year.
Strength in foods such as milk or cheese
The increase in the price of olive oil was registered despite the moderate increase in food prices, which increased by three tenths in August, to 10.5%.
This behavior, explains the National Institute of Statistics (INE), is due to price stability of milk, cheese and eggs compared to the increase they experienced last year, as well as cheaper fruits and the fact that meat, bread and cereals became cheaper in August of this year than in the same month of 2022.
However the Consumer Price Index (CPI) rose 0.5% in August compared to the previous month and increased its interannual rate by three tenths, up to 2.6%, mainly due to the increase in the prices of gasoline and lubricants for personal vehicles and liquid fuel.
At an interannual rate (August 2023 compared to the same month in 2022), the foods with the highest price increase are olive oil (+ 52.5%); sugar (+42.5%); rice (+21.6%); confectionery products (+18.2%) and potatoes (+18%). Olive oil more than doubled its price since March 2021 (+114.8%) and became 8.7% more expensive in August this year compared to the month of July.