Friday. 02.12.2022
CONSUMER PRICES

Spanish inflation rises 6% in January, remains at 30-year high

The Consumer Price Index continues at rates not seen for 30 years
A fresh food market in Palma. Photo: Pixabay.
A fresh food market in Palma. Photo: Pixabay.

The prices of goods and services in Spain continue to skyrocket at the start of the year 2022.

In January, inflation marked an increase of 6% year-on-year, according to the advance estimate by the National Institute of Statistics (INE).

The Consumer Price Index (CPI) - which was 6.5% in December 2021 - continues at rates not seen for 30 years. In monthly terms, the CPI fell 0.5% compared to December, mainly due to the drop in electricity prices.

January is usually a month of price containment due to lower consumption after the Christmas campaign and subsequent sales.

Inflation-cpi-estimateSource: INE.

For its part, the estimated annual variation rate of core inflation (general index excluding unprocessed food and energy products) increased 0.3%, to 2.4%.

The data released today is a flash estimate of the final CPI data to be released next month.

Spanish inflation rises 6% in January, remains at 30-year high
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