Catalan annual inflation rate hits new record high

The inflation rate in Catalonia continues to hit new record highs, reaching 5.3% in November compared to 12 months previously. 

This is 0.1% up from October, which was also a record high increase on the rate of one year earlier.

Statistics on Catalonia’s inflation rate has only been recorded since 2002, whereas before then only data on the Spain-wide rate was collected.

The increase is again primarily due to higher prices for supplies such as water, gas and electricity (+14.7%) and fuels (+13.7%).

Additionally, the rise in prices of food and non-alcoholic beverages (+3.3%) is also noteworthy, as are restaurants and hotels (+2%). 

For all of Spain, the inflation rate also rose by 0.1% compared with October and stood at 5.5% in November, the highest year-on-year change since September 1992.

The figures are according to data published this Wednesday by the National Statistics Institute (INE). 

Supplies have been rising 8% or more every month compared to a year before for the past seven months, a similar trend to fuel. 

Have a listen to our recent Filling the Sink podcast episode about the rising electricity prices: