Vigilant before the CPI
La revisión al alza de la inflación de julio confirma que la energía sigue tirando de los precios y obliga a mantener las ayudas a los carburantes
The upward revision of the July CPI is a reminder that the Iran war continues to exert enormous pressure on prices. The INE has set inflation at 3.6%, one tenth above what was initially anticipated, and highlights the determining contribution of energy components to the evolution of the indicator. To the point that the sharp year-on-year rise in diesel in July, more than 15%, obliges a further increase in aid on this type of fuel to 20 cents per liter.
It is a possibility contemplated in the aid decree to alleviate the effects of the conflict in the Middle East. Under normal conditions, the 15-cent discount per liter applied in July to gasoline and diesel in the hydrocarbon tax was to give way to a 10-cent discount in August (as happened) and five cents in September. But that will not happen with diesel, in the same way that other fuels intensively used by certain professional sectors will also benefit from aid greater than initially anticipated.
Translated by urgent.news from El Pais Economia's report; automated translation may contain errors. Machine-written — it may contain errors, so check the original before relying on it.
