In March, 70.5% of the products that make up the Consumer Price Index (CPI) experienced a price increase of 3.06% greater than the salary variation agreed in the agreement until March.
This is clear from the CPI data for the month of March confirmed this week by the National Institute of Statistics (INE) and consulted by Servimedia.
Specifically, in the products grouped into subclasses, the highest level of breakdown of the CPI, 199 products are counted, for which data is reflected.
Of the 199 products, 140 reflect an increase above the 3.06% wage increase agreed in the agreements registered until March by the Ministry of Labor and Social Economy.
It should be remembered that the CPI moderated its upward trend last month and placed its annual rate at 3.3%, which represents 2.7 points less than that of February (6%).
Among the products that rose above wages are eggs, whole and skimmed milk, olive oil, butter, sugar, rice, potatoes, cheese, hotels, beef and pork. pork or coffee. Sugar also remained this month as the product that became more expensive, with 50.4%.
If we take into account the salary variation agreed only from the agreements signed so far this year, which was 4.82%, the basket that rose above that level is now reduced to 54.8%.
On the other hand, 47.7% of the CPI basket became more expensive by 6% or more in March, a barrier that is considered by some analysts as the one that determines that there are second-round effects, that is, that the rebound in the Inflation in turn causes a rise in wages to prevent the loss of purchasing power.
