You are currently viewing Calviño anticipates that the IPC rose 8.3% in April, one tenth less than expected

The first vice president of Economic Affairs and Digital Transformation, Nadia Calviño, advanced this Thursday that the National Institute of Statistics (INE) is going to reduce by one tenth, to 8.3%, the inflation data for April that will be released this Friday.

This was announced during his speech at the closing of a conference on European funds, where he stressed that Statistics had already informed the Ministry of the reduction of one tenth of the April inflation figure.

However, after the peak of 9.8% reached in the month of March, inflation would have moderated by 1.5 points in a single month.

United States and Germany

Inflation is a fact that also affects the main economies of the world. That’s how it shows the year-on-year rate of inflation in the United States, which stood at 8.3% in April, a figure that points to a slight moderation compared to March.

However, the United States is not the only world power that announced record inflation figures. In fact, Germany reported that its year-on-year inflation rate stood at 7.4% last April, one tenth above the rise in prices in March. It represents the highest rate since the country’s reunification and the highest price increase since the fall of 1981 in what was then Federal Germany.

Likewise, the German statistical office highlighted the substantial impact on inflation of the rise in energy prices, whose prices have increased considerably since the war in Ukraine began.

In April, the year-on-year rise in energy products was 35.3%, after an increase of 39.5% in March. Specifically, heating oil prices increased by 98.6%. In turn, the price of electricity increased by 19.3% year-on-year in April.

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