The consumer price index (CPI) increased to 1.8% year-on-year in Galicia in October against 1.3% in Septemberaccording to data published by the National Institute of Statistics (INE). In this way, the CPI increases again in the Galician community after the drop experienced the previous month and remains at the same interannual rate as the Spanish average, 1.8%. In monthly terms, Galician inflation increases by 0.8%. So far this year, between January and October, the increase is 2%.
Restaurants and hotels (+4.4%) is the section with the highest year-over-year increase in the community in the tenth month. He follows housing, water, electricity, gas and other fuels (+3.5), as well as leisure and culture (+3.5%). At the other extreme, transportation (-2.8%) and communications (-0.1%) decreased.
At the state level, the CPI rose 0.6% in October from the previous month and raised its year-over-year rate by 0.3 points, to 1.8%. At the end of October, the higher CPI rates They were presented by Euskadi (2.3%), Aragon (2.2%) and Asturias (2%). On the opposite side were Castilla-La Mancha (1.4%), Murcia, Castilla y León or Cantabria, among others, with 1.5%.
Prices increased in all communities at a year-over-year rate compared to last month, with Aragon (+0.7%) and Navarre (+0.7%) where they have increased the most, while at the opposite are Castilla – La Mancha (+0.2%), the Balearic Islands (+0.2%) and Asturias (+ 0.2%).
National data
The CPI rose 0.6% in October from the previous month and increased three tenths of its interannual rateup to 1.8%, final data which coincides with those put forward at the end of last month.
The organization explained that the rise in the CPI to 1.8% is due to the increase in fuel prices and the rise in price of electricity and gascompared to the decline they experienced in October 2023.
Concretely, the housing group increased its interannual tariff by 1.3 points in October, to 4.2%, due to the increase in the cost of electricity and gas, while the transport group placed its interannual tariff at -3%. . nine tenths more than in September, due to the rise in fuel prices.
With the increase in the interannual CPI in the tenth month of the year, inflation resumes its rise after having had four consecutive months of declines. The Ministry of the Economy, however, emphasizes that inflation remains below the reference level of 2% set by the B.European Central Bank (ECB).
Core inflation (excluding unprocessed food products and energy products) increased by a tenth in October, to 2.5%, or seven tenths above the general rate. In monthly terms (October vs. September), the CPI rose 0.6% from the previous month, its largest monthly increase since last April, when it rose 0.7%.
This monthly rebound is due to the rise in prices in the clothing and shoes group by 8.5% due to the start of the autumn-winter season, and the increase in prices of food products by 1.4% due to the increase in the cost of fruits and legumes and vegetables.
For its part, the harmonized CPI (IPCA) increased by a tenth in October, to 1.8%, and increased by 0.4% in monthly values.
