Consumer Price Index (CPI). Base 2016 March Monthly variation Accumulated variation Annual variation March
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1 13 April 2018 Consumer Price Index (CPI). Base 2016 March 2018 all index Monthly variation Accumulated variation Annual variation March Main results The annual variation rate of the CPI in March stood at 1.2%, tenth higher than that registered in the. The annual rate of core inflation increased tenth, reaching 1.2%. The ly variation of the overall index was 0.1%. The annual rate of the Harmonised Index of Consumer Prices (HICP) stood at 1.3%, representing an increase of tenth as compared with February. Annual evolution of consumer prices The annual rate of the overall Consumer Price Index (CPI) in March was 1.2%, tenth higher than that registered in the. The groups with the greatest positive influence in this annual rate increase were: Food and non-alcoholic beverages, which increased by five-tenths of a percentage point standing at 1.4%, due to the stability in the prices of fresh vegetables this, while they fell in March Transport, with an annual variation of 1.4%, three tenths of a point above the, due to the fact that fuel prices decreased less than in March last. Leisure and culture, which increased its rate four tenths of a point, up to 1.0%. This behaviour was mainly due to the increase in the prices of tourist packages, compared with the stability recorded in Hotels, cafés and restaurants, with a variation rate of 2.2%, tenth of a percentage point higher than the, mostly due to the increase in the prices of accommodation services, which was higher than that registered last. CPI MARCH 2018 (1/13)
2 13 April 2018 In turn, the only group with a negative contribution that stands out was: Housing, whose rate decreased four tenths of a point to 1.0%, because electricity prices fell this more than in March Another reason for this variation though to a lesser extent was the decrease in gas prices, which increased last. It is also worth noting, although in the opposite direction, the increase in the prices of heating gas oil, compared to the decrease in Influencia de los grupos en la tasa anual del IPC 1. Alimentos y bebidas no alcohólicas 0, Bebidas alcohólicas y tabaco 0, Vestido y calzado 0, Vivienda -0, Menaje 0, Medicina -0, Transporte 0, Comunicacis -0, Ocio y cultura 0, Enseñanza 0, Hoteles, cafes y restaurantes 0, Otros bienes y servicios -0,005 DIFERENCIA TASA ANUAL IPC GENERAL 0,1 The annual variation of core inflation (general index excluding unprocessed food and energy products) increased tenth of a percentage point, up to 1.2%, thus remaining the same as that of the overall CPI. CPI MARCH 2018 (1/13)
3 Evolución anual del IPC Índice general y subyacente 4,0 3,0 2,0 0,0 3,0 3,0 2,3 0,9 2,6 1,9 1,5 1,5 1,6 1,8 1,4 1,6 1,7 0,9 0,8 0,8 0,8 0, Enero Febrero Marzo Abril Mayo Junio Julio Agosto Septiembre Octubre Noviembre Diciembre 2018 Enero Febrero Marzo General Subyacente Monthly evolution of consumer prices In March, the ly variation rate of the overall CPI was 0.1%. The groups with the greatest positive impact on the general index were: Clothing and footwear, with a variation rate of 4.3%, and a contribution of 0.244, which reflects the behaviour of prices at the beginning of the spring-summer season. Hotels, cafés and restaurants, with a rate of 0.6% due to the increase in the prices of accommodation services and, to a lesser extent, catering. The contribution of this group to the overall CPI was Leisure and culture, with a rate of 0.4% and a contribution of 0.030, mainly due to the increase in the prices of tourist packages, which is usual during the Holy Week. In turn, among the groups with a negative contribution to the overall index worth noting was: Housing, which registered a variation of -1.9%, mainly due to the decrease in the prices of electricity. Its contribution to the overall index was CPI MARCH 2018 (2/13)
4 Evolución mensual del IPC Índice general 2,0 0,0 - -2,0-0,5-0,4 0,0-0,1 0,0-0,7 0,2 0,2 0,9 0,5 0,0-0,1 0, Enero Febrero Marzo Abril Mayo Junio Julio Agosto Septiembre Octubre Noviembre Diciembre 2018 Enero Febrero Marzo A more detailed analysis shows the divisions that had the greatest contribution to the ly rate of the CPI in March. Divisions with the greatest positive contribution to the ly rate of the CPI Monthly rate Contribution (%) Food products Fruit Meat Milk, Cheese and Eggs Other divisions Clothes Footwear Accommodation services Tourist packages Catering Passenger air transport Divisions with the greatest negative contribution to the ly rate of the CPI Monthly rate Contribution (%) Food products Fresh vegetables Other divisions Electricity Fuels and lubricants for personal vehicles Gas CPI MARCH 2018 (4/13)
5 Results by Autonomous Community. Annual variation rates The annual rate of the CPI increased in most Autonomous Communities in March compared to February. The greatest increases were registered in Región de Murcia, Extremadura and Comunidad de Madrid, with an increase of three tenths in all of them. In turn, Canarias was the only Autonomous Community whose annual rate decreased, with a drop of two tenths. Tasas anuales del IPC Comunidades y ciudades autónomas Cataluña Madrid, Comunidad de Comunitat Valenciana Canarias Cantabria NACIONAL País Vasco Andalucía Aragón Balears, IIles Castilla-La Mancha Galicia Castilla y León Extremadura La Rioja Navarra, Comunidad Foral de Asturias, Principado de Murcia, Región de Melilla Ceuta 0,3 0,4 0,6 0,7 0,7 0,8 0,8 0,8 0,9 0,9 0,9 0,9 0,9 1,3 1,4 1,4 1,4 1,5 Marzo 2018 Febrero 2018 CPI MARCH 2018 (5/13)
6 Harmonised Index of Consumer Prices (HICP) In March, the annual variation rate of the HICP stood at 1.3%, tenth above that registered in the. The ly variation rate of the HICP was 1.2%. 4,0 Evolución anual del IPCA, base 2015 Índice general España y Unión Mtaria 1 2,0 2,9 3,0 1,8 2,0 2,1 1,5 2,6 1,9 2,0 2,0 1,8 1,6 1,7 1,7 1,8 1,4 1,3 1,3 1,5 1,5 1,4 1,5 1,4 1,3 0,7 1,4 1,3 0, Enero Febrero Marzo Abril Mayo Junio Julio Agosto Septiembre Octubre Noviembre Diciembre 2018 Enero Febrero Marzo España Unión Mtaria 1 The latest data from the Mtary Union refers to the flash estimate Consumer Price Index at Constant Taxes In March, the annual rate of the Consumer Price Index at Constant Taxes (CPI-CT) stood at 1.2%, remaining the same as that registered by the overall CPI. The ly variation rate of the CPI-CT was 0.1%. In turn, the HICP at Constant Taxes (HICP-CT) registered an annual rate of 1.3%, remaining the same as that of the HICP. The ly variation rate of the HICP-CT was 1.2%. For further information see INEbase: All press releases at: Press office: Teleph numbers: (+34) /94 08 gprensa@ine.es Information Area: Teleph number: (+34) CPI MARCH 2018 (6/13)
7 Consumer Price Index. Base 2016 March April National indices: overall and groups Group Index % change Contribution last last OVERALL INDEX Food and non-alcoholic beverages Alcoholic beverages and tobacco Clothing and footwear Housing Furniture and household equipment Health Transport Communications Recreation and culture Education Restaurants, cafes and hotels Miscellaneous goods and services National special aggregates indices Special aggregates Index % change last Processed food including beverages and tobacco Unprocessed food Food, beverages and tobacco Unprocessed food and energy Industrial goods Durable industrial goods Energy Fuels and gas Industrial goods excluding electricity Industrial goods excluding energy Services Services excluding rentals for housing all index excluding food, beverages and tobacco all index excluding rentals for housing all index excluding energy CORE INFLATION (all index excluding unprocessed food and energy) all index excluding tobacco all index excluding tobacco all index excluding fuels CPI MARCH 2018 (7/13)
8 3. National headings indices Index last % change Contribution % change Contribution % change 01. Cereals and by-products Bread Bovine meat Sheep meat Swine meat Poultry meat Other meats Fresh and frozen fish Seafood and processed fish Eggs Milk Milk-based products Oils and fats Fresh fruit Canned and dried frui Fresh vegetables Processed vegetables Fresh potatoes and potatoes preparation Coffee, cocoa and infusions Sugar Other food products Mineral waters, soft drinks and juice Alcoholic beverages Tobacco Garments for men Garments for women Garments for children and babyclothe Clothing accesories and repai Footwear for men Footwear for women Footwear for children and infants Repair of footwea Rentals for housing Heating, electricity and water suppl Maintenance and repair of the dwellin Furniture and floor coverings Household textiles and decoration Household appliances including repa Household utensils and tools Non-durable household goods Household services Medical, dental and paramedical service Medical products, appliances and equipmen Personal transport Local transport Long-distance transpor Communications Recreational items Printed matter Recreational services Pre-primary and primary educatio Secondary education Tertiary education Other educational goods and service Personal effects Tourism, catering and accommodation service Other goods and services CPI MARCH 2018 (8/13)
9 4. Indices of Autonomous City and Community: overall and groups (Continues) Grupos Index % change Index % change Index % change last last last Andalucía Aragón Asturias, Principado de OVERALL INDEX Food and non-alcoholic beverages Alcoholic beverages and tobacco Clothing and footwear Housing Furniture and household equipment Health Transport Communications Recreation and culture Education Restaurants, cafes and hotels Miscellaneous goods and services Balears, Illes Canarias Cantabria OVERALL INDEX Food and non-alcoholic beverages Alcoholic beverages and tobacco Clothing and footwear Housing Furniture and household equipment Health Transport Communications Recreation and culture Education Restaurants, cafes and hotels Miscellaneous goods and services CPI MARCH 2018 (9/13)
10 4. Indices of Autonomous City and Community: overall and groups (Continuation) Grupos Index % change Index % change Index % change last last last Castilla y León Castilla-La Mancha Cataluña OVERALL INDEX Food and non-alcoholic beverages Alcoholic beverages and tobacco Clothing and footwear Housing Furniture and household equipment Health Transport Communications Recreation and culture Education Restaurants, cafes and hotels Miscellaneous goods and services Comunitat Valenciana Extremadura Galicia OVERALL INDEX Food and non-alcoholic beverages Alcoholic beverages and tobacco Clothing and footwear Housing Furniture and household equipment Health Transport Communications Recreation and culture Education Restaurants, cafes and hotels Miscellaneous goods and services CPI MARCH 2018 (10/13)
11 4. Indices of Autonomous City and Community: overall and groups (Completion) Groups Index % change Index % change Index % change last last last Madrid, Comunidad de Murcia, Región de Navarra, C. Foral de OVERALL INDEX Food and non-alcoholic beverages Alcoholic beverages and tobacco Clothing and footwear Housing Furniture and household equipment Health Transport Communications Recreation and culture Education Restaurants, cafes and hotels Miscellaneous goods and services País Vasco Rioja, La Ceuta OVERALL INDEX Food and non-alcoholic beverages Alcoholic beverages and tobacco Clothing and footwear Housing Furniture and household equipment Health Transport Communications Recreation and culture Education Restaurants, cafes and hotels Miscellaneous goods and services Melilla OVERALL INDEX Food and non-alcoholic beverages Alcoholic beverages and tobacco Clothing and footwear Housing Furniture and household equipment Health Transport Communications Recreation and culture Education Restaurants, cafes and hotels Miscellaneous goods and services CPI MARCH 2018 (11/13)
12 Consumer Price Index at Constant Taxes Base 2016 March National indices at Constant Taxes: overall and groups Group Index % change OVERALL INDEX AT CONSTANT TAXES Food and non-alcoholic beverages Alcoholic beverages and tobacco Clothing and footwear Housing Furniture and household equipment Health Transport Communications Recreation and culture Education Restaurants, cafes and hotels Miscellaneous goods and services National indices at Constant Taxes: overall and special aggregates Special aggregates Index % change OVERALL INDEX AT CONSTANT TAXES Processed food including beverages and tobacco Unprocessed food Food, beverages and tobacco Unprocessed food and energy Industrial goods Durable industrial goods Energy Fuels and gas Industrial goods excluding electricity Industrial goods excluding energy Services Services excluding rentals for housing all index excluding food, beverages and tobacco all index excluding rentals for housing all index excluding energy CORE INFLATION (all index excluding unprocessed food and energy) all index excluding tobacco all index excluding services all index excluding fuels OVERALL INDEX AT CONSTANT TAXES AND SUBSIDIES CPI MARCH 2018 (12/13)
13 Harmonized Index of Consumer Prices. 2015=100 March National indices: all and groups Group Index % change OVERALL INDEX Food and non-alcoholic beverages Alcoholic beverages and tobacco Clothing and footwear Housing Furniture and household equipment Health Transport Communications Recreation and culture Education Restaurants, cafes and hotels Miscellaneous goods and services National index and at constant taxes General Index % change HICP at Constant Taxes HICP CPI MARCH 2018 (13/13)
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