Inflation closed February at 7.6%, its highest level in 35 years

The inflation closed the month of February at its highest level in 35 years, standing at 7.6%, two tenths above the estimate advanced by the National Institute of Statistics (INE) two weeks ago and 1.5 points higher than the year-on-year figure for January.

The INE has indicated this Friday that it is the highest CPI rate in Spain since December 1986and points to electricity, gasoline and food as the components of the index that had the greatest weight in this rebound.

In this way, the interannual inflation rate rises again after in January down compared to decemberwhen it went from 6.5 to 6.1%, and broke an upward trend that was repeated for 10 consecutive months and that is now recovering again in a context marked by the tensions caused by the conflict in Ukraine, which broke out last February 24th.

in Catalonia

The Consumer Price Index (CPI) in Catalonia rose 8 tenths in February compared to January and the interannual rate stood at 7.4%, 1.5 points above that registered the previous month. Catalonia is the fourth community with the lowest interannual rate, together with the Basque Country, and behind Ceuta and the Canary Islands (6.8%) and Madrid (6.9%).

The prices that rose the most in Catalonia compared to January were, by far, those of transport (+2.9%), followed by housing and leisure and culture (+1%)food and non-alcoholic beverages and alcoholic beverages and tobacco (+0.7%) and tableware, hotels, cafes and restaurants and others (+0.6%).

On the other hand, the prices of clothing and footwear (-1.5%) they are the ones that fell the most, so did communications (-0.1%), and teaching and medicine remained the same.

On a year-on-year basis, the biggest rise is in housing (+22.3%) and transport (+12.9%), while the only prices that have fallen compared to January a year ago are communications (-0.7% ).

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By province, all registered an increase in prices compared to January: in Lleida they rose 1.1%, in Girona 0.9%, in Barcelona 0.8% and in Tarragona 0.5%.

On a year-on-year basis, the territory in which prices increased the most was in Lleida (9.6%), followed by Tarragona (8.3%), Barcelona (7.5%) and Girona (7.1%).

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