The Consumer Price Index fell 0.1% in December in relation to the previous month and raised its interannual rate by four tenths, to 0.8%, its highest value since May, according to the leading indicator published on Monday by the Statistics National Institute.
With this advance of four tenths, the interannual CPI chains two months of increases, after in November it climbed another three tenths. In this way, the CPI closes 2019 at 0.8%, half of what the pensions generally increased at the beginning of the year (except for the minimum pensions, which rose 3%).
The statistical agency has attributed the rebound in the annual rate of the CPI to the increase in fuel prices, compared to the decrease in prices recorded in December 2018. In the opposite direction, the INE points out that the behavior of the December CPI has influenced the cheaper of electricity.
Prices 0.8% higher than a year ago
The interannual rate for December is the fortieth positive rate that chains the year-on-year CPI and implies that prices are now 0.8% higher than those of a year ago.
In the last month of 2019, the Harmonized Consumer Price Index (HICP) placed its interannual rate at 0.8%, three tenths more than in November.
In monthly terms (December over November), the CPI fell 0.1%, in contrast to the 0.4% decline experienced in the same month of 2018. On the other hand, the monthly variation of the leading indicator of the HICP stood at in -0.1%.
The INE will publish the final data of the CPI for December next January.
According to the criteria of The Trust Project
Know more- INE
- Macroeconomy
- Pensions
Transportes Madrid revolutionizes taxi fares: closed price and 10% cheaper on days of high pollution
Statistics Spain records the lowest number of births since 1941
EconomyBusiness turnover closes its worst October in 6 years weighed down by the industrial recession