Evolution of the CPI in Catalonia during July
In July, the Consumer Price Index (CPI) in Catalonia experienced a notable decrease, standing at 2.9%, a significant drop compared to the 3.6% recorded the previous month. This reduction is largely due to the decrease in electricity prices, which has had a direct impact on inflation.
Comparison with the Spanish average
Compared to the national average, which stands at 2.8%, Catalonia has a slightly higher rate. In addition, Galicia has reported an increase of 3.1%, while Ceuta and Melilla have recorded the lowest increases, with 1.4% and 2.1% respectively.
Food inflation on the decline
Prices of food and non-alcoholic beverages have seen a considerable decrease, falling by 1.1 points to 3.1% due to lower prices of fruit and oils. This downward trend has continued, with food inflation reaching its lowest level in almost three years, indicating cost stabilization.
Analysis of economic data
The Ministry of Economy has emphasized that the current figures reflect the capacity of the Spanish economy to maintain robust growth while controlling inflation. The Gross Domestic Product (GDP) growth statistics for the second quarter corroborate this positive trend.
Future trends
With the continued decline in the CPI, which has been sustained for seven months, and core inflation equaling the headline rate at 2.8%, the measures taken to control prices are expected to continue to show positive effects. This stabilization could open the door to a more favorable scenario for the Catalan and Spanish economy as a whole.