global index and underlying index


The year-over-year rate continues its decline after peaking in July. Over the past month, it has fallen 1.6 points in the Basque Autonomous Community and 1.4 points in Navarre.

Euskaraz irakurri: Urte arteko inflazioa% 6.9ra jaitsi da EAEn, eta% 8.4ra, Nafarroan, urrian

The year-on-year consumer price index (CPI) continues its decline and stood at 6.9% in October in the Basque Autonomous Community and 8.4% in Navarre, compared to the 7.3% recorded in the Spanish state, according to the final data published this Tuesday by the National Institute of Statistics (INE).

The YoJ rate three consecutive declines after peaking in July, 10.5% in the BAC and 11.4% in Navarra, and it has been steadily declining ever since. From September to October, it dropped 1.6 points in the Basque Autonomous Community and 1.4 points in Navarre.

So far this year, prices have increased by 5.5% in the BAC and by 6.5% in Navarra. The monthly variationfor its part, 0.2% was in the BAC and 0.5% in Navarra.

Spain’s year-on-year consumer price index (CPI) was 7.3% in October, meaning the National Institute of Statistics (INE) has been tracking advanced data for October. This is the lowest since January, when the CPI was 6.1%.

Although the year-on-year rate continues to decline, the Underlying inflation (general index excluding unprocessed food and energy products) remains at 6.2%.

The decline in year-on-year inflation is partly due to the fall in the electricity 15.4% in the past year. The monthly variation was -22.5% and from January to October the variation was -24.3%.

Although the price of energy products is down 4.9% in the past month, the raw food have become 4% more expensive, and the fuels and fuels 3.3%. In terms of annual variation, the products that have become more expensive are fuels and fuels (20.5%) and unprocessed foods (15.3%).

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Source: EITB


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