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Prices rise 0.6% in January, the first rebound since the coronavirus

Prices have risen 0.6% in January compared to the same month of 2020, a rate that is 1.1 points above that of December last year (-0.5%) and that represents the first rebound since the start of the coronavirus pandemic, according to the data advanced this Friday by the National Institute of Statistics (INE).

If this data is confirmed on February 12, the consumer price index (CPI) would end nine consecutive months in negative and it would be the first rise since February 2020, since in March the index was zero.

The rebound is due to increase in electricity prices and, to a lesser extent, of food and non-alcoholic beverages, which have become more expensive than they did in January 2020, details the INE.

Other factors that have pushed prices up are the tourist packages, which have become cheaper than in January of last year, and gas, which this year has risen when it fell last year.

The underlying inflation -which does not take into account unprocessed food or energy products as they are the most volatile- has stood at 0.6%, the same as the general CPI and five tenths more than in December (0.1%).

In monthly terms, prices have risen 0.1% compared to December and have linked five consecutive months of progress.

The harmonized index of consumer prices (HICP) -which measures the evolution of prices with the same method in all the countries of the euro zone- has also stood at 0.6% year-on-year, 1.2 points more than in December.

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