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In March, the monthly variation of the CPI was 0.4%

8/04/2024
The most notable variations were the increase in education and in housing and basic services and the decrease in food and non-alcoholic beverages.

In March 2024, the monthly variation of the consumer price index (CPI) was 0.4%. The cumulative variation of the CPI was 1.6%, and the twelve-month variation (according to the linked series of the index) was 3.7%.

Nine of the thirteen divisions of the CPI basket had positive influences on the monthly variation of the index and four divisions had negative influences.

Among the divisions with increases in prices, the most notable were education (5.4%), which had an impact of 0.227 percentage points (pp), and housing and basic services (0.8%), which contributed 0.137 pp. The remaining divisions had a combined impact of 0.258 pp.

Among the divisions with monthly decreases in prices, the most notable was food and non-alcoholic beverages (-0.9%), which had an impact of -0.200 pp.

 

See:

Statistical Bulletin Consumer Price Index March 2024

Technical Supplement (in Spanish)

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