Prices in Spain rose 3% in November, compared to the same month in 2024, the Spanish National Statistics Institute (INE) announced this Friday, 12th, which confirmed a previous estimate for inflation.
Year-on-year inflation (price rise compared to the same period of the previous year) in November in Spain decreased by a tenth, after standing at 3.1% in October.
This is the first drop after two consecutive months of increases in the consumer price index in Spain, which stood at 3% in September and 3.1% in October.
The evolution of inflation was mainly due to electricity prices, which fell in November and had increased in the same period in 2024, according to INE.
As for the underlying inflation rate (without energy and fresh food products, traditionally the most volatile in the shopping basket), it stood at 2.6% in November, after being 2.5% in October.
This rate is therefore, according to INE data, at the highest value since December 2024 and has been increasing for five consecutive months.
In the chain evolution (comparison with the previous month), prices in Spain increased by 0.2% in November, after rising by 0.7% in October.