The HICP rose to 1.4% in March, its highest level since 2008
Tuesday, March 30th, 2010The Index of Consumer Prices (HICP) rose five tenths in March and the rate stood at 1.4% yoy, according to data developed today by the National Statistical Institute (INE). This now has five consecutive months in which this indicator is in positive rates, and the March figure is the highest level since December 2008.
Analysts polled by Bloombergg harmonized inflation expected to rebound much lower, to 1.1% yoy.
INE attributed the surge to soaring fuel and maintenance of food pricesCompared to the decline experienced by both groups in March last year.
By matching the March HICP inflation in general-something that usually happens-tenth up or down, inflation also recorded its highest rate since December 2008 (1.4%). The final data will be released on 15 April.
