inflation

Relevant News Item 28th September 2023

Electricity and petrol push inflation in Spain to 3.5% in September, but core falls to 5.8%

The increase in electricity and fuel prices has raised the general inflation rate in September to 3.5%, which is nine tenths of a percentage point higher than in the same month last year and its highest level since April.For its part, the underlying rate moderated by three tenths, to 5.8%, the lowest value since June 2022, according to the leading indicator of the National Statistics Institute (INE). As the INE…

Spanish economy 30th August 2023

Fuels cause inflation in Spain to rise by 2.6% up to August, core falls to 6.1%

The Consumer Price Index (CPI) increased by 0.5% in August compared with the previous month and raised its year-on-year rate by three tenths of a percentage point to 2.6%, mainly due to the rise in fuel and liquid fuel prices. With August’s rise, inflation has now risen for two consecutive months, after rising four tenths of a percentage point in July to 2.3%, according to advanced data published on Wednesday…

Relevant News Item, Spanish economy 11th August 2023

Inflation rises to 2.3% in July, food up 10.8%, core climbs to 6.2%

CdM | Prices resumed their upward trend in July. The National Statistics Institute (INE) has confirmed that inflation rose in the seventh month of the year to 2.3%, which is two tenths of a percentage point more than the previous month and four tenths of a percentage point in the year-on-year rate. For its part, core inflation rose by three tenths of a percentage point to 6.2%. The rise in…

Relevant News Item 31st July 2023

INE preliminary data shows Spain’s growth slows to 0.4% in 2Q23, while inflation rises to 2.3% in July

The Spanish economy grew by 0.4% between April and June compared with the previous quarter, one tenth of a percentage point less than in the previous quarter, while its year-on-year rate eased by more than two points, from 4.2% in the first quarter to 1.8% in the second, due to the lower contribution of the foreign sector. According to the advance National Accounts data published on Friday by the National…

Spanish economy 13th July 2023

Staircase effect takes Spanish inflation to 1.9, with core inflation at 5.9%

Funcas| The CPI rose by 0.6% in June, well below the 1.9% increase recorded in the same month last year, which has cut the year-on-year inflation rate by 1.3 percentage points to 1.9%. Inflation remains below 2% for the first time since March 2021. Core inflation moderated to 5.9%. The decline in the headline inflation rate was mainly due to the pass-through effect in energy products. Recent months have also…

Spanish economy 30th June 2023

Spanish inflation falls to 1.9% in June, core remains at 5.9%

The leading indicator of the Consumer Price Index (CPI) for the month of June leaves the lowest inflation figure since April 2021. According to information published by the National Statistics Institute (INE), year-on-year inflation stood at 1.9% in June. If this figure is confirmed on 12 July, it would be more than one point lower than the figure recorded in May (3.2%). Yesterday morning, the Minister of Economy, Nadia Calviño,…

Spanish economy 29th June 2023

Council of Ministers extends some anti-inflation measures until 31 December

Bankinter: This is the seventh package of anti-crisis measures worth some €3.8 billion, bringing the measures for the second half of the year to €8.9 billion. Of note are: (1) the maintenance until the end of the year of the reduction in VAT on staple foods (to 0% from 4% for bread, eggs, fruit and vegetables) and to 5% from 10% for other products such as pasta and oils. This…

Spanish economy 13th June 2023

CPI falls to 3.2% in May, 9/10 of a percentage point lower than previous month; core down to 6.1%

The annual rate of the general Consumer Price Index (CPI) in the month of May is 3.2%. This rate is nine tenths of a percentage point lower than that registered the previous month. The groups that stand out due to their influence on the decrease in the annual rate are: Transport, which places its rate at -3.7%, more than four points lower than last month. This decrease is due to…

European economy, Relevant News Item 1st June 2023

Eurozone inflation slows to 6.1% in May, lowest level since February 2022; core moderates to 5.3%

CdM: Price rises ease in the euro area. In May, inflation fell nine tenths of a percentage point from the previous month, bringing the Consumer Price Index (CPI) to 6.1%, according to Eurostat, the EU’s statistical office. This is the lowest level since February 2022, coinciding with the Russian invasion of Ukraine. Excluding the impact of energy, food, alcohol and tobacco, core inflation achieved two consecutive months of moderation, standing…

In Spain, Spanish economy 30th May 2023

Inflation resumes downward trend in May: drops 9/10 of a point to 3.2%, core inflation slows to 6.1%

CdM | The Consumer Price Index (CPI) fell by 0.1% in May compared to the previous month and cut its year-on-year rate by nine tenths to 3.2%, its lowest level since July 2021, due to the moderation in food prices and lower fuel prices. With the fall in May, inflation has resumed its downward trend after the rise of eight tenths of a percentage point in April, which put it…

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