Evolution of the CPI in November: complete analysis
The general Consumer Price Index (CPI) registered an annual rate of 2.4% in November, which represents an increase of six tenths compared to the previous month.
Main factors driving the annual rate:
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Dwelling:
- Annual variation of 7.4%, increasing 3.2 points compared to October.
- This increase is mainly due to the increase in electricity prices, in contrast to the decrease experienced in November 2023.
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Transport:
- Annual rate of -1.0%, with an increase of 2 points.
- This responds to the increase in prices of fuels and lubricants for personal vehicles, compared to the decrease registered in the same month last year.
Core inflation:
The index that excludes unprocessed foods and energy products was also in the 2.4%, decreasing one tenth compared to October.
Monthly price evolution
In monthly terms, the general CPI presented a variation of 0.2%.
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Groups with the greatest positive impact:
- Dwelling: It went up a 1.6%, with an impact of 0.196 points, due to the increase in electricity prices.
- Dress and footwear: Increased a 4.2%, reflecting the final effects of the entry of the winter season, with an impact of 0.157 points.
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Groups with negative impact:
- Leisure and culture: Variation of -1.5%, explained by the fall in the prices of tourist packages, with an impact of -0.127 points.
Results by autonomous communities
In November, all the autonomous communities recorded positive annual rates:
- the Basque Country stood out with the highest rate (2.9%).
- Castile-La Mancha had the lowest rate (2.0%).
Harmonized Consumer Price Index (HICP)
The IPCA recorded an annual rate of 2.4%, which represents an increase of six tenths versus October. In monthly terms, its variation was 0.0%.
This analysis details the evolution of consumer prices, highlighting the factors that most influence their behavior and the regional differences in Spain.
More information at INE
