IPC-S slows down in second week of January

This time, three of the index’s eight component spending classes recorded declines in their rates of variation. The biggest contribution came from the Housing group (1.97% to 0.74%). In this spending class, it is worth mentioning the behavior of the Residential Electricity Charges item, whose rate went from 7.16% to 2.00%.

As of January 15, 2021, the Weekly Consumer Price Index (IPC-S) was up 0.52%, down 0.27 percentage points from the previously disclosed figure. As a result, this indicator is up 0.52% so far this year and up 5.10% in the last 12 months.

This time, three of the index’s eight component spending classes recorded declines in their rates of variation. The biggest contribution came from the Housing group (1.97% to 0.74%). In this spending class, it is worth mentioning the behavior of the Residential Electricity Charges item, whose rate went from 7.16% to 2.00%.
The following groups also saw decreases in their rates of variation: Apparel (0.90% to 0.87%) and Transport (0.62% to 0.61%). In these spending classes, it is worth noting the behavior of these items: Clothing Accessories (0.75% to 0.53%) and Taxi Fares (5.66% to 0.16%).

On the other hand, the Education, Reading and Recreation (-2.20% to -2.15%), Health and Personal Care (0.53% to 0.55%), Communication (0.00% to 0.02%), Food (1.49% to 1.50%) and Miscellaneous Expenses groups (0.32% to 0.33%) saw increases in their rates of variation. In these spending classes, the following items were notable: Formal Courses (1.62% to 3.05%), Medications in General (0.18% to 0.27%), Internet Charges (-0.48% to -0.24%), Vegetables (1.18% to 4.64%) and Trade Association Membership Fees (0.00% to 0.28%).

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