Series: Economic Bulletin.
Author: Alejandro Fernández Cerezo, Matías Pacce and Isabel Sánchez
Economic situation
- Regional analysis
- Prices and margins
- Inflation
Full document
Abstract
Rationale
Inflation has recently performed heterogeneously across Spain’s different regions. This article provides a detailed analysis of such heterogeneity and looks at some of its main determinants.
Takeaways
- Between June 2019 and June 2024, cumulative inflation for the Spanish economy as a whole amountedto 18.9%.
- Cumulative inflation has varied appreciably across regions. Castile-La Mancha and Galicia were theregions with the highest cumulative inflation in this period (21.2% and 20.4%, respectively), whileMadrid and Catalonia recorded the lowest relative price rises (17.1% and 18.1%, respectively).
- Heterogeneity in regional inflation rates, something that is also seen in other European countries, hasessentially reflected the cross-regional differences in the composition of household consumptionbaskets.