The Consumer Price Index (IPC) (base 2016=100) increased by 2.4% on a year-over-year basis in Catalonia in June 2018. All groups registred increases in the variation rate. The groups with the highest inflation have been Transport (6.6%), Food and non-alcoholic beverages (2.7%) and Alcoholic beverages and tobacco and Housing (2.3% in both cases).
The Consumer Price Index (IPC) measures the evolution over time of the price level of consumer goods and services acquired by the population residing in family homes in Spain.
Expenditure on consumption is considered to be the monetary flow that is really paid for the acquisition on the goods and services typified by the nomenclature produced expressly for that purpose by the INE on the basis of the ECOICOP (European Classification of Individual Consumption by Purpose), a nomenclature that has been standardised by the European Union. Excluded from this expenditure is what could be considered investments, including the purchase of private housing.
The most noticeable changes in the configuration of the base 2016 basket of goods are the incorporation of online video and music services, gambling or coffee pods in food products.
Prices are collected for 177 municipalities, and around 29,000 establishments serve as a sample for the collection of the 220,000 prices that are used to calculate the CPI each month. There are 479 articles in the basket of consumer goods and services.
Idescat publishes CPI data every month for the groups produced by the INE.