CdM | Inflation rose four tenths of a point in July, when the Consumer Price Index (CPI) stood at 2.7% year-on-year, mainly due to higher electricity and fuel prices, according to final data published by the National Statistics Institute (INE).
In detail, the groups that stood out most for their influence on the increase in the annual rate were housing and transport.
In the case of housing, the annual rate rose by 2.5 points to 6.7%, due to higher electricity prices, compared to the fall in July last year.
Meanwhile, in transport, the annual rate rose by one point to 0.2%. This was mainly due to higher prices for fuel and lubricants for personal vehicles, which were higher than in July 2024. The rise in combined passenger transport and air passenger transport also had an impact, compared with the stability of the previous year.
By autonomous community, the CPI recorded positive annual rates in all of them, with the Balearic Islands having the highest rate (3.5%) and the Region of Murcia the lowest (2%).
Meanwhile, the core inflation rate, i.e. the general index excluding unprocessed food and energy products, stood at 2.3%, one tenth higher than in the previous month.
As for the Harmonised Index of Consumer Prices (HICP), in July the annual variation rate stood at 2.7%, four tenths higher than the previous month.
