Inflation stood at 2.9% in the month of January, one tenth less than moving around the National Statistics Institute (INE). As he did fifteen days ago, the statistical body has blamed the rebound to fuels and electricity.
The drop in the price of olive oil, 21.9% in the last year is especially relevant.
Another factors behind the inflationary rebound in this year’s start is the three type sales that he undertook in the European Central Bank (ECB) since October last year, which left the type of reference in 3% (in January there were a fourth). After three consecutive months of increases, the CPI of our country closed by an average of 2.8% for all 2024, four tenths above the eurozone average.
These data are explained in part because the Spanish economy is the one that grows the most from the entire continent, with a 3.2% increase in 2024 according to the last advance of the INE, compared to 0.7% of the Eurozone. In an environment of concern for the economic rhythm of the old continent, in January the ECB undertook a fourth reduction of types, up to 2.75%. In the current circumstances more economic stagnation worries than inflation.
In any case, the expert forecast is that in Spain the price boom stabilizes around 2% throughout 2025. It is the same as waiting for the ECB for the Eurozone, because otherwise it has already advanced that it will have to correct your policy towards the types.
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