The year-on-year CPI rose by a tenth in October, to 3.1%, and food prices rose to 2.4%
Among the sectors that have pushed prices up in the last month are clothing and footwear, due to rising prices at the beginning of the season; food and alcoholic beverages, due to the rise in fruit, meat, milk, cheese, eggs and oils and fats; and housing, due to the increase in electricity and, to a lesser extent, gas.
The Consumer Price Index (CPI) rose in October to 3.1% year-on-year, a tenth higher than in September and the highest rate since June 2024, mainly due tothe rise in electricity. Food inflation also rose by a tenth to 2.4%.
The National Institute of Statistics (INE) confirms the data advanced two weeks ago and puts the underlying inflation (estimated to exclude fresh energy and food) at 2.5%, a tenth higher than the previous month and the highest rate since December 2024.
The housingsector has mostly driven the year-on-year increase in the CPI, which has grown by 7.5% in one year, mainly due to the increase in electricity.
On thecontrary, the negative impact is on leisure and culture , which has increased by 0.1% in the last year, a point less than the previous month, driven by the lower prices of tourist packages.
Inflation has risen for the fifth consecutive month since May (2%), with the exception of August, when it remained at 2.7%, far from the 1.5% minimum recorded in September 2024, so the CPI is currently at the present time.
Eggs, 22% more expensive than a year ago.
In October, compared to October last year, theprice of eggs (22.5 per cent), coffee (19.4 per cent), beef (17.8 per cent), chocolate (16.1 per cent) and cocoa and chocolate powder (12.7 per cent) has risen the most.
There has also been an increase in guts (8.1%), sheep and goat meat (7.7%), fresh and refrigerated fish (7.2%), butter (7.1%) and nuts (7%).
On the other hand, olive oil is the product that has fallen the most since October last year, 41.6%, although it has increased by 53.7% since January 2021. In the last month it has risen (for the first time since October 2024) 2.7%.
Products cheaper than last year include sugar (13.5%), potatoes (3.4%), pizza and quichés (2.6%) and yogurt (1.8%).
Excluding food, the most expensive items since October last year are garbage collection (30.3%), jewellery (26.8%), combined passenger transport (26.7%) and electricity (18.7%).
By contrast, the biggest declines were in national tourist packages (6.4%), audiovisual equipment (6%) and personal computers (4.9%).
Since September prices have risen 0.7%
From September to October the CPI has risen 0.7%. The prices of train travel (12.3%) and fruit (12%) have risen the most, and the prices of national tourist packages (10.9%) have fallen the most.
Among the sectors that have pushed prices up in the last month are clothing and footwear, due to rising prices at the beginning of the season; food and alcoholic beverages, due to the rise in fruit, meat, milk, cheese, eggs and oils and fats; and housing, due to the increase in electricity and, to a lesser extent, gas.
The group that has pushed the price down the most has been leisure and culture, mainly due to the decline in tourist packages.
You might like
Volkswagen will cut 50,000 more jobs, half in Germany and the rest in Europe
The Volkswagen group is in crisis due to strong competition from Chinese manufacturers in Europe, declining sales in China and tariffs in the United States.
France announces aid to farmers affected by drought
Farmers' representatives will meet next week with the French Ministry of Agriculture to convey their demands. The effects of drought and heat are being felt economically, but also physically and mentally.
A worker died in an accident at a winery in Lanciego
The incident took place around 12:20 p.m. and the circumstances of the incident are being investigated. Emergency services have been moved to the scene, but the operator's life has not been saved.
A new tax on fast and cheap clothing is introduced in France
Asian giants like Shein or Temu will now have to pay penalty rates of between 50 cents and 12 euros per garment.
The diesel discount goes up to 20 cents per litre, and the gasoline discount goes down to 5 cents
The tax rebate on diesel has doubled since today, while petrol has halved.
The Basque Government will meet again this Tuesday with farmers to assess the impact of the drought
Agricultural associations and trade unions, among others, want the ACV to be declared a drought zone and special measures to be taken. The meeting will take place at 4 p.m. at the headquarters of the Basque Government in Vitoria-Gasteiz.
Trade unions and employers sign the first agreement on nursing homes in Navarre
After more than five years of negotiations, trade unions and employers have signed the agreement today, which will involve more than 5,000 workers.
The electricity bill has risen 19% in August, reaching its highest level since 2022
Rising demand in heat waves and rising natural gas prices will make an average user's receipt about EUR 14 more expensive.
The 20 cent diesel rebate will come into effect on Tuesday
The measure, which has so far been reduced by 10 cents per litre, aims to combat fuel prices by 15.7% in July.
The September hill this year will be one of the hardest in years
With the return to work, the families of the Basque Country face another reality, which is that this year's September hill will be one of the hardest in recent years, as evidenced by inflation at 4.3%, a figure not seen since February 2023.