Although the impact is not proportional, it is worth bearing in mind the reasons for this increase. For example, the Federation points out in its latest report that fuel is one of the elements to be taken into account. They refer that the increase in the first quarter (accumulated) is 19.85%, but if one takes the last 12 months the figure is 54%, while in 2021 it was 49%. Ergo, there is an increase in fuels that is in line with inflation and may exceed it.
There is another important data in this sense: the Technological Center of Transport, Transit and Road Safety, which depends on the National Technological University, released this week the evolution of the National Logistics Costs Index prepared for the Chamber of Logistics Operators (Cedol). In the same line as the above, the variation in March was 9%, an increase of 19% in the first quarter and of almost 54% in the last twelve months. Is it possible then to expect a drop in inflationary pressure for the next months? Probably the opposite.