The National Institute of Statistics (INE) has today published the advance data for the interannual rate of the Consumer Price Index (CPI) for December, which will not be confirmed until the middle of next month.

Finally, inflation closes 2023 at 3.1%, below the 3.2% registered in November due to the stability of the prices of food and non-alcoholic beverages, compared to the increase in the last month of the previous year. On the other hand, fuel prices decreased, but with less intensity than the previous year, while electricity has also had an influence, whose prices increase less than in December 2022, according to data released this Friday by the National Institute of Statistics. (INE).

With the moderation of its interannual rate in December, inflation once again registered declines and fell to its lowest level since last August, when it stood at 2.6%, Europa Press reports.

The INE includes in the CPI data preview an estimate of underlying inflation (without unprocessed food or energy products), which in December fell seven tenths, to 3.8%, 0.7 points above the general CPI, but the lowest rate since March.

In monthly terms (December over November), the CPI did not register any variation, after falling 0.4% in the month of November.

In the twelfth month of 2023, the Harmonized Consumer Price Index (IPCA) placed its interannual rate at 3.3%, the same as that registered the previous month. For its part, the estimated monthly variation of the IPCA was 0.0%.

The INE will publish the final CPI data for November next January.

In November, the main indicator of inflation moderated three tenths to 3.2% due to cheaper fuel and tourist packages.