The inflation situation in Catalonia
Inflation in Catalonia continues to experience a slight rise. According to the latest data published by the National Institute of Statistics, the Consumer Price Index has increased to 3.3% in January, one tenth more than at the end of 2023. This increase has been attributed mainly to the ‘increase in the price of electricity, which has experienced a slight increase during the first month of the new year.
The impact of light on the inflation index
The rise in the price of electricity has had a significant impact on the inflation index in Catalonia. The housing-related product group, which includes supplies, has seen an increase of 7.4% compared to the previous year. This trend has broken the negative streak that had been maintained until now.
Food prices and their evolution
Food prices have risen again, although at a more moderate pace compared to the previous year. The Consumer Price Index for food and non-alcoholic beverages stood at 7.4%, one tenth more than in December. This increase, despite being moderate, contributes to the general increase in the inflation rate.
Comparison with other European regions and markets
Catalonia remains below the inflationary figures for the State as a whole, although it presents a slightly worse situation than other regions such as Navarre and Madrid. At European level, the Eurozone is expected to close the month of January with an average of 2.9%, four tenths less than in Catalonia.
conclusion
Inflation in Catalonia continues to show a slight rise, mainly due to the increase in the price of electricity. This increase has had a significant impact on the inflation index, especially in the group of products related to housing. However, food prices have risen at a more moderate pace. Compared to other European regions and markets, Catalonia remains below the inflationary figures for the State as a whole, although it presents a slightly worse situation than some other Spanish and European regions.
