Lowest inflation rises for six successive months

GRADUAL: Prices are rising...but not so fast. Photo credit: YouTube

ACCORDING to the latest data released by the National Institute of Statistics (INE), Consumer Price Index (CPI) inflation in the Murcia region rose by 0.7 per cent in November compared to the previous month. The increase placed Murcia as the third-highest autonomous community just behind Cantabria and Navarra that registered 0.8 per cent, and equal with Asturias and Galicia.

However, the year-on-year inflation figure for Murcia that grew to 1.2 per cent was one of the lowest recorded across Spain.  The national rate was 1.7 per cent, and has been blamed on the increases in fuel costs and home heating oil.  The Valencia autonomous community also returned a 1.7 per cent annual inflation rise.

In sectors, those showing the highest price increases were clothing and footwear (6.2 per cent), transport, (1 per cent), housing (0.8 per cent), others (0.7 per cent), household goods, hotels, restaurants and cafes (0.2 per cent) and alcohol (0.1 per cent).

On hearing of the figures for November, the Murcia employers association (CROEM) noted that: “For the sixth consecutive month this year, the region has registered some of the lowest inflation rises.  If these figures continue until the end of the year and in to the early part of 2018, it would aid the economic recovery we’re experiencing.”

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