Consumer prices rose again in 2018. The average annual Consumer Price Index (CPI) rose by 1.9% compared to 2017, according to the HCP.
In its new outlook, the agency said that the rise concerned both food products whose index rose 1.3% and non-food products (+ 1.8%). For food products, the largest increase was in “miscellaneous goods and services” (+ 6.5%).
It should be noted that the underlying inflation indicator, which excludes both volatile and publicly priced products, would have increased 0.7% year-over-year.