Catalonia ends the year with an inflation rate of 0.9%. This is evidenced by data from the Consumer Price Index (CPI) published by the National Statistics Institute (INE) on Wednesday. This indicator closed 2019 with a rise of four tenths of a percentage point in the year-on-year increase in the cost of leisure and culture. The CPI also rose by one tenth of a percentage point in November with respect to November.
It is one tenth above the Spanish average. As a whole for the state, the CPI was 0.8% year-on-year, an increase compared to the 0.4% in November. In fact, inflation has been at its highest level since May, although it ended the year with lower values than at the end of 2018, with a rate of 1.2%.
The brake on the economy is spreading to prices, which only rise 0.3% in Catalonia
The INE points out that the change in prices during December is very closely linked to fuel, which pushed the data upward. These dropped at the end of 2018, but ended up climbing four points to push transports to a 4% increase. Instead, electricity costs dropped and the home price group fell 5%. Food, one of the costs that incur the most of this indicator, remained quite stable.
The evolution of inflation in Catalonia has not been the highest in the ranking of autonomous communities. This podium was led by Navarre (1.3%) and the Basque Country (1.2%), while the Balearic Islands, Castile and León and La Rioja all recorded an increase of 1%. On the other side of the coin, where prices rise least are Ceuta (0.3%), Asturias (0.4%) and the Canary Islands (0.4%).
Pensions will rise again according to the CPI
Indeed, this same increase of 0.9 in the CPI in Catalonia is the same as the Pedro Sánchez government will apply to raise pensions to revalue them, one of the measures approved yesterday by the new executive council of ministers. . According to the law decree published this Wednesday at Official State Gazette (BOE), will use the data from December 2019 to November 2020 to compensate pensioners in case inflation exceeds 0.9% in this period.
After the government-approved revaluation, the pension minimum of retirement for people of 65 or more years with spouse to his charge ha increased by 7.5 euros al more until 843.4 euros monthly ( 11,807.6 annual). On the other hand, the maximum pension now stands at 2,683.34 euros per month (37,566.76 annual euros in 14 payments), which implies an increase in the pay monthly of 23.93 euros. Apart from this measure, which affects all pensions, Sánchez also has pledged to raise the lows and non-contributory ones to close the gap.
. (tagsToTranslate) economy (t) unemployment (t) financial crisis (t) cash (t) Bank of Spain (t) ECB (t) IMF (t) stock exchange (t) Ibex (t) CPI