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Prices have increased by 3% over the past 12 months. This represents a fall in the annual inflation rate compared to that registered in October (3.1%). In Spain as a whole, November’s annual inflation rate was set at 2.9%. The decrease in the price of medication and fuel is behind the slight annual price reduction. However, in Catalonia the monthly inflation rate increased in November by 0.4% compared to those registered in October, mainly due to an increase in the price of clothes.

During July, inflation rates experienced their third consecutive month of decline. In the last 12 months, the cumulative price increase now stands at 3.2% in Catalonia. The drop of summer sales has helped to lower inflation.

The average price per square meter was 2681 euros at the end of last year. Catalonia has the third most expensive property market within Spain, after the Basque Country and Madrid.

The Housing Prices continue to decrease but in a smaller pace. Housing prices in Catalonia have dropped by 2.3% compared to last year. In the Spanish state, a drop of 3.6% was recorded.