These are the main price increases in Spain in the month of April

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In April, annual inflation was 8.3 per cent. This is a decrease of 1.5 points compared to March (9.8%) and lower than the market estimates, which predicted a CPI of 9% for this month. This slowdown is due in part to the moderation in energy prices (fuel and electricity) and the measures taken by the government to curb the uncontrolled boom in the energy component.

However, inflation remains at a historically high level and is worrying for the economy. On the one hand, monthly inflation has fallen by 0.2%, a hopeful sign that the trend of monthly increases seems to be breaking. However, the negative note was given by core inflation (excluding energy or fresh food), which was 4.4% year-on-year, one percentage point higher than in the previous month. INE emphasizes that this is the highest underlying inflation since December 1995.

This decrease, when analyzing the consumer price index by product groups, is produced by the housing component, whose annual variation of 18.8% is more than 14 points lower than that recorded in March, due to the fall in electricity prices compared to the recorded increase in April of the previous year.

From INE, they find that also in this group, albeit in the opposite direction, the rise in gas prices, higher this month than in 2021, and of heating oil, which fell last year, is noticeable.

For transport (12.8%), it is a decrease of almost six points compared to last month’s data, reflecting the fact that the prices of fuel and lubricants for personal vehicles have fallen this month, while remaining stable in 2021.

Significant price increases for food and non-alcoholic beverages

On the side of price increases, food and non-alcoholic beverages stand out. The variation increases by more than three points to 10.1% due to general increases in most of their components. This includes price increases on meat, bread and cereals, legumes and vegetables and milk, cheese and eggs, higher this month than in April the year before.

This final data also reveals in detail which goods and services (INE calls this subdivision by subclass) are rising in price to a greater extent.

Oil, hotels and electricity

It is immediately apparent that fuels, oils, hotels and electricity are the subclasses that have risen the most in price on an annual basis (compared to April 2021).

Monthly increases

With 5.8%, the prices of hotels, cafés and restaurants are almost one and a half points higher than in March. This is because the prices of accommodation and restaurant services are rising more sharply this month than in 2021. Leisure and culture, which reached 2.9%, as a result of the price increase on package holidays, which fell in price level last year.

By dividing goods and services into subclasses, it can be seen that hotels along with clothing, aircraft and vegetables have also led the way in the monthly price increase.

Most price increase in April on a monthly basis

  • Hotels and hostels 19.4%
  • Baby and children’s clothing 12.3%
  • International flights 12.3%
  • Vegetables and legumes 12%
  • Olive oil 10.9%
  • Women’s clothing 10.7%
  • Eggs 9.9%
  • Flour and cereal products 9.2%
  • National package holidays 7.4%
  • Children and baby footwear 6.9%
  • Poultry 6.7%
  • Bakery products 6.5%
  • gas 6.5%
  • Women’s shoes 6.3%
  • Men ́s clothing 6.2%
  • Other clothing 6.2%
  • Liquid fuels 6%
  • Pork 5.9%

Most price increase in April on an annual basis

  • Other edible oils 96.2%
  • Liquid fuels 95.7%
  • Hotels, hostels and guest houses 50.5%
  • Olive oil 42.5%
  • Electricity 34.9%
  • Butane and propane gas 33.4%
  • Diesel 32.1%
  • Pasta and couscous 25%
  • Flour and other grains 23.2%
  • Eggs 21.6%
  • Gas 19.4%
  • Gasoline 16.3%
  • Saucer 15.2%
  • Bakery products 14.5%
  • whole milk 14%
  • Light milk 13.8%
  • Butter 12.8%
  • Fresh vegetables 12.8%
  • Chips 12.8%
  • Poultry 12.7%

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