Consumer Price Index (CPI). Base 2011 January Monthly change Change over last Annual change
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1 14 February 2014 Consumer Price Index (CPI). Base 2011 January 2014 all index Monthly change Change over last Annual change January January Main results The annual change of the CPI for the of January stands at %, tenth below that registered in the. The annual change of core inflation remains at %. The ly change of the overall index is 1.3%. The Harmonised Index of Consumer Prices (HICP) annual change stands at %, thus it remains the same, as compared with. Annual evolution of consumer prices The annual rate for the overall Consumer Price Index (CPI) in January was %, tenth lower than that registered in the. This is the lowest rate registered in the CPI for the of January since the series started in The groups that most contributed to this variation were: Transport, with an annual variation of 0.4%, almost tenth and a half lower than that registered the. This behaviour is mainly due to the decrease in the prices of fuels and lubricants this, as compared with the increase registered in January Spirits and tobacco, whose variation decreased almost three tenths, reaching 2.9%, due to the price stability in the prices of tobacco, which registered an increase in the last. CPI DECEMBER 2014 (1/14)
2 Despite the decrease registered in the annual rate for the overall CPI, worth noting is the increase for the group: Housing, whose ly rate increased more than a tenth, up to 1.1%, due to the increase in the prices of electricity, as compared with the decrease registered in January Contribution of the groups to the annual change of the CPI 1. Food and non-alcoholic beverages Clothing and footwear Furnishings, household equipment and routine maintenance of the house 7. Transport Recreation and culture 11. Hotels, cafes and restaurants DIFFERENCE IN THE ANNUAL CHANGE OF THE OVERALL CPI 0,1 The annual change for core inflation (overall index excluding unprocessed food and energy products) remains at %, the same as the overall CPI. These changes did not coincide since June CPI DECEMBER 2014 (2/14)
3 Annual evolution of the CPI all and core index January February March April May June July August September -0.1 October November 2014 January all Core Monthly evolution of consumer prices In January, the ly change of the overall CPI was 1.3%. The groups with the greatest negative contribution to the overall index are the following: Clothing and footwear, with a ly rate of 14.9%, covering the effect of the first decrease in prices in the winter reductions. Its contribution to the overall CPI was Leisure and culture, whose ly variation of 2.1%, with a contribution of 0.154, was mainly explained by the decrease in the prices of package holidays. Transport, with a ly change of 0.5% and a contribution of 71, mainly due to the decrease in the prices of fuels and lubricants, and, to a lesser extent, of cars. Communication, whose ly rate of 1.5% contributes 56, due to the decrease in the prices of ph services. Home furnishings, which registered a ly rate of 0.8% and a contribution of 53. Worth noting in this behaviour was the decrease in the prices of furniture and household textiles. In turn, among the groups with the greatest positive contribution to the overall index, worth noting are: Food and non-alcoholic beverages, with a ly variation of 0.4%, and a contribution of 71. Worth noting in this behaviour was the increase in the prices of fresh fish, fresh fruits and crustaceans and molluscs. In turn, it is worth noting the drop in the prices of fresh vegetables. Housing, whose ly variation of 0.5%, with a contribution of 59, was mainly explained by the increase in the prices of electricity and, to a lesser extent, of water supply. CPI DECEMBER 2014 (3/14)
4 Monthly evolution of the CPI all index January February March April May June July August - September 0.4 October November January A more detailed analysis showed the divisions that had the greatest contribution to the ly CPI change during the of January. Divisions with the greatest positive contribution to the ly change of the CPI Monthly Contribution change (%) Food Pescado fresco Fresh fruits Crustaceans and molluscs Other divisions Electricity Insurance Water supply Divisions with the greatest negative contribution to the ly change of the CPI Monthly Contribution change (%) Food Fresh fruits and vegetables Other divisions Clothing Footwear Package holidays Teleph equipment Fuels and lubricants Hotels and other accommodation Accessories and garments Household textiles Motor vehicles Furniture CPI DECEMBER 2014 (4/14)
5 Results by Autonomous Community. Annual changes The annual rate of CPI decreased in most Autonomous Communities. The greatest decreases were registered in Comunidad Foral de Navarra (four tenths less that registered in ) and Cantabria (three tenths less that in ), whose rates stood at 0.4% and %, respectively. In turn, the Autonomous Community registering the greatest increase was Canarias, with a rise of two tenths, standing at %. Annual changes of the CPI Index by Autonomous Community and Autonomous city País Vasco Balears, IIles Galicia Cantabria Castilla y León Cataluña NATIONAL Madrid, Comunidad de Murcia, Región de Andalucía Castilla-La Mancha Comunitat Valenciana Aragón Asturias, Principado de La Rioja Ceuta Extremadura Canarias Melilla Navarra, Comunidad Foral de January CPI DECEMBER 2014 (5/14)
6 Harmonised Index of Consumer Prices (HICP) In January, the annual change of the HICP stood at %, the same as that registered in the. The ly change of the HICP was 1.8%. Annual evolution of the HICP, base 2005 all index for Spain and the Mtary Union January February March April May June July August September October November 2014 January Spain Mtary Union 1 The latest data from the Mtary Union refers to the flash estimate Index of Consumer Prices at Constant Taxes In January, the annual rate of CPI-CT was %, the same that registered by the overall CPI. The ly change of the CPI-CT was 1.3%. In turn, the annual rate of HICP-CT registered an annual change of %, remaining the same as that of the HICP. The ly change of the HICP-CT was 1.8%. CPI DECEMBER 2014 (6/14)
7 Informative annex Updated weightings, CPI 2011 base The National Statistics Institute has carried out the annual update of the weightings used to compute the Consumer Price Index (CPI), in accordance with the CPI System, 2011 base. The CPI, 2011 base, is distinguished by its dynamism and ability to adapt to changes in consumer behaviour, via the analysis of the evolution of expenditure. With this objective, an in-depth study is carried out of the changes noted in the market. As a result of this study, the CPI weighting structure was updated in The information used for the update is taken from the Household Budget Survey (HBS) and from other sources. In this way, the CPI reflects the changes in habits of consumers occurring in the last. The changes entered do not affect continuity of the CPI series, 2011 base, since the computation formula of the 2011 System consists of chain-linking the indices, so that no break occurs. Therefore, the weighting update does not affect the published changes. The following table shows the weightings used during 2013 and those, which will be used during 2014 to compute the overall CPI and that of the following groups: Weightings. all and groups Groups CPI, 2011 base CPI, 2011 base Weightings, 2013 Weightings, Food and non-alcoholic beverages Alcoholic beverages and tobacco Clothing and footwear Housing Furnishings, household equipment and routine maintenance of the house Health Transport Communications Recreation and culture Education Restaurants, cafés and hotels Other goods and services OVERALL Updated CPI weightings Likewise, weightings used to compute the CPI have also been updated, to adapt it to the changes in consumer behaviour. Information on new weightings, as well as those used in s, from the 2001, is available on the INE website ( CPI DECEMBER 2014 (7/14)
8 Instituto Nacional de Estadística Consumer Price Index. Base 2011 January th February National indices: overall and groups Group Index % change Contribution last last OVERALL INDEX Food and non-alcoholic beverages Alcoholic beverages and tobacco Clothing and footwear Housing Furniture and household equipment Health Transport Communications Recreation and culture Education Restaurants, cafes and hotels Miscellaneous goods and services National special aggregates indices Special aggregates Index % change last Processed food including beverages and tobacco Unprocessed food Food, beverages and tobacco Unprocessed food and energy Industrial goods Durable industrial goods Energy Fuels and gas Industrial goods excluding electricity Industrial goods excluding energy Services Services excluding rentals for housing all index excluding food, beverages and tobacco all index excluding rentals for housing all index excluding energy CORE INFLATION (all index excluding unprocessed food and energy) all index excluding tobacco all index excluding tobacco all index excluding fuels
9 Instituto Nacional de Estadística 3. National headings indices Index last ye % change Contribution % change Contribution % change 01. Cereals and by-products Bread Bovine meat Sheep meat Swine meat Poultry meat Other meats Fresh and frozen fish Seafood and processed fish Eggs Milk Milk-based products Oils and fats Fresh fruit Canned and dried fruit Fresh vegetables Processed vegetables Fresh potatoes and potatoes preparations Coffee, cocoa and infusions Sugar Other food products Mineral waters, soft drinks and juices Alcoholic beverages Tobacco Garments for men Garments for women Garments for children and babyclothes Clothing accesories and repair Footwear for men Footwear for women Footwear for children and infants Repair of footwear Rentals for housing Heating, electricity and water supply Maintenance and repair of the dwelling Furniture and floor coverings Household textiles and decorations Household appliances including repair Household utensils and tools Non-durable household goods Household services Medical, dental and paramedical services Medical products, appliances and equipment Personal transport Local transport Long-distance transport Communications Recreational items Printed matter Recreational services Pre-primary and primary education Secondary education Tertiary education Other educational goods and services Personal effects Tourism, catering and accommodation services Other goods and services
10 Instituto Nacional de Estadística 4. Indices of Autonomous City and Community: overall and groups (Continues) Grupos Index % change Index % change Index % change last last last Andalucía Aragón Asturias, Principado de OVERALL INDEX Food and non-alcoholic beverages Alcoholic beverages and tobacco Clothing and footwear Housing Furniture and household equipment Health Transport Communications Recreation and culture Education Restaurants, cafes and hotels Miscellaneous goods and services Balears, Illes Canarias Cantabria OVERALL INDEX Food and non-alcoholic beverages Alcoholic beverages and tobacco Clothing and footwear Housing Furniture and household equipment Health Transport Communications Recreation and culture Education Restaurants, cafes and hotels Miscellaneous goods and services
11 Instituto Nacional de Estadística 4. Índices de comunidades autónomas: general y de grupos (Continuation) Grupos Index % change Index % change Index % change last last last Castilla y León Castilla-La Mancha Cataluña OVERALL INDEX Food and non-alcoholic beverages Alcoholic beverages and tobacco Clothing and footwear Housing Furniture and household equipment Health Transport Communications Recreation and culture Education Restaurants, cafes and hotels Miscellaneous goods and services Comunitat Valenciana Extremadura Galicia OVERALL INDEX Food and non-alcoholic beverages Alcoholic beverages and tobacco Clothing and footwear Housing Furniture and household equipment Health Transport Communications Recreation and culture Education Restaurants, cafes and hotels Miscellaneous goods and services
12 Instituto Nacional de Estadística 4. Indices of Autonomous City and Community: overall and groups (Completion) Groups Index % change Index % change Index % change last last last Madrid, Comunidad de Murcia, Región de Navarra, C. Foral de OVERALL INDEX Food and non-alcoholic beverages Alcoholic beverages and tobacco Clothing and footwear Housing Furniture and household equipment Health Transport Communications Recreation and culture Education Restaurants, cafes and hotels Miscellaneous goods and services País Vasco Rioja, La Ceuta OVERALL INDEX Food and non-alcoholic beverages Alcoholic beverages and tobacco Clothing and footwear Housing Furniture and household equipment Health Transport Communications Recreation and culture Education Restaurants, cafes and hotels Miscellaneous goods and services Melilla OVERALL INDEX Food and non-alcoholic beverages Alcoholic beverages and tobacco Clothing and footwear Housing Furniture and household equipment Health Transport Communications Recreation and culture Education Restaurants, cafes and hotels Miscellaneous goods and services
13 Consumer Price Index at Constant Taxes Base 2011 January February National indices at Constant Taxes: overall and groups Group Index % change previou OVERALL INDEX AT CONSTANT TAXES Food and non-alcoholic beverages Alcoholic beverages and tobacco Clothing and footwear Housing Furniture and household equipment Health Transport Communications Recreation and culture Education Restaurants, cafes and hotels Miscellaneous goods and services National indices at Constant Taxes: overall and special aggregates Special aggregates Index % change OVERALL INDEX AT CONSTANT TAXES Processed food including beverages and tobacco Unprocessed food Food, beverages and tobacco Unprocessed food and energy Industrial goods Durable industrial goods Energy Fuels and gas Industrial goods excluding electricity Industrial goods excluding energy Services Services excluding rentals for housing all index excluding food, beverages and tobacco all index excluding rentals for housing all index excluding energy CORE INFLATION (all index excluding unprocessed food and energy) all index excluding tobacco all index excluding services all index excluding fuels OVERALL INDEX AT CONSTANT TAXES AND SUBSIDIES
14 Harmonized Index of Consumer Prices, 2005=100 January National indices: all and groups Grupo Index % change 14 February 2014 OVERALL INDEX Food and non-alcoholic beverages Alcoholic beverages and tobacco Clothing and footwear Housing Furniture and household equipment Health Transport Communications Recreation and culture Education Restaurants, cafes and hotels Miscellaneous goods and services National index and at constant taxes General Index % change HICP at Constant Taxes HICP
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