annual inflation

Rising costs of energy continue to boost Consumer Prices Index (CPI), but figure below peak of 9.8% reached in March

Prices have started to recover. They increased by 0.3% this past November in Catalonia and broke the negative trend of the last three months. Thus, the annual inflation rate is now 0%, according to the Spanish Institute of Statistics (INE). This increase has been caused mainly by the stabilisation of fuel prices, which dropped in 2014, the increase in the cost of electricity in comparison to the same period last year and the rise in the price of clothing and housing in November. Barcelona is the only region where the inflation rate is slightly positive; it was 0.1% at the end of November, whereas the previous month it was -0.1%. In the whole of Spain, prices rose by 0.4% last month in comparison to October but the annual rate is still negative, at -0.3%. 

Catalonia posts a -0.5% annual inflation rate in September, the second consecutive negative figure this year. This decline is mainly caused by the fall in electricity and fuel prices, which has led to an annual decrease in housing (-3.5%) and transportation (-6.6%) prices. However, the sector which registered the highest drop in monthly terms was leisure, -3% in comparison to last September. On the other side, the price of clothing, education and medicine has increased this month, while food and non-alcoholic beverage prices remained steady. All the Autonomous Communities have seen a decrease in the annual inflation rate and in Spain as a whole prices have dropped by 0.9%. Catalonia is, together with the Basque Country, the Community with the second-smallest decrease in the annual inflation rate.