In December 2024, the Consumer Price Index (CPI) reached an annual rate of 2.8%, which represents an increase of four tenths compared to the previous month.
Main influences on the increase in the CPI
The groups that contributed the most to this increase were:
- Transport: With an annual rate of 0.6%, increased by 1.6 points due to the increase in the cost of fuels and lubricants, in contrast to the drop registered in December 2023.
- Leisure and culture: Its annual variation was at 3.2%, rising 1.2 points compared to November, driven by the increase in the prices of tourist packages.
Evolution of core inflation
Core inflation (which excludes unprocessed food and energy products) also experienced a rebound, increasing two tenths until the 2.6%.
Monthly variation of the CPI
In monthly terms, the general CPI grew by 0.5%, with the following groups leading the increase:
- Leisure and culture: Registered a variation of the 3.5%, reverberating 0.294 points in the general index, due to the increase in the cost of tourist packages.
- Dwelling: With a variation of 0.6% and an impact of 0.071 points, driven by the rise in electricity prices.
Harmonized Consumer Price Index (HICP)
He HICP also reached an annual rate of 2.8%, four tenths higher than that of November. Its monthly variation was 0.4%, with Transport notable for an increase in 0.4%, driven by the rise in fuel and lubricant prices.
Results by autonomous communities
The CPI showed positive annual rates in all the autonomous communities. the Basque Country recorded the highest with a 3.6%, while Canary Islands presented the lowest with a 2.2%.
This rebound in the CPI reflects the inflationary tensions driven by the transportation and leisure sectors, highlighting the need to continue monitoring price developments in the coming months.
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