IPC-S slows down in second week of January
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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