Inflation continues on the path of slowdown: August ended in Córdoba with a year-on-year increase in the consumer price index (CPI) of 2.3 percent; In the inter-monthly comparison, it remained the same as in July and so far in 2024 it has increased by 1.7%, according to data released by the National Institute of Statistics (INE)This percentage is equal to the Spanish average, which also stands at 2.3%.
It attracts a lot of attention on food priceswho lived the experience the lowest increase in three years: increased by 3.2 percentWe have to go back to October 2021 to see a smaller increase (2.8%).
Where inflation has been most visible is in the cost of restaurants and hotelswith an increase of 6.7 percent, followed by housing, water, electricity and other fuels, which increased by 5.5 percent; food and non-alcoholic beverages remained at 3.2 percent; and alcoholic beverages and tobacco, at 3 percent.
On the other side of the table are transport (-2-2%); clothing and footwear (-1.3%) and communications (-0.2%).
In the comparison by subgroupsThe price report published by the INE highlights the increase in prices insurance (9.1%), Next come electricity, gas and other fuels (7.3%); restaurants and dining rooms (6.9%); tourist packages (5.5%) or tobacco (5.2%).
On the other hand, the telephone and fax equipment (-11.7%); the use of personal vehicles (-4.2%) or glassware, dishes and household utensils (-2-2%).
Data on Andalusia
In Andalusia, the CPI fell to 2.1% in August in interannual rate, seven tenths below the interannual rate of the previous month (2.8%), according to the final data published this Thursday by the National Institute of Statistics (INE).
August data is the lowest recorded in the community since March 2021. In monthly terms, inflation in Andalusia has remained at 0%, while so far this year the increase has reached 1.8%.
At the national level, the CPI remained unchanged in August compared to the previous month and reduced its interannual rate by 0.5 points, to 2.3%.
“The continued reduction in inflation continues to reflect the ability of the Spanish economy to accommodate the largest economic growth among the main countries of the Eurozone, as evidenced by the GDP growth data for the second quarter with the Spanish economy growing four times higher than the Eurozone average, with a moderation in prices,” celebrates the Ministry of Economy in its assessment of the figure.
