2023-08-11 12:58:06
The Euskadi Consumer Price Index (CPI) grew by 0.2% last month and marked an interannual rate of 2.6%, three tenths above the Spanish average (at 2.3%). July is already the fourth month in which the Basque figure exceeds the national one, although it is slightly below in specific indices such as food and non-alcoholic beverages, where it marked seven tenths less than the State average: 10.1 % annual.
According to data published this Friday by the National Institute of Statistics (INE), in the first seven months of the year inflation in the Basque Country has experienced cumulative growth of 2.9%.
The highest inflation, compared to the previous month, materialized in the Basque Country in the leisure and culture sectors, with a rise of 3.4%; in hotels, cafes and restaurants, with growth of 1.3%; in food and non-alcoholic beverages, which grew by 0.8%; and in transport, with another 0.7%.
In the annual evolution, the reduction experienced by expenses associated with housing stands out, reduced by -16% when the Iberian exception was applied and in transport, with prices also subsidized, where they fell -4.2%. In addition to food, which rose 10.1%, the largest increases were in leisure and culture, with a year-on-year rise of 7.8%; alcoholic beverages, with 7%; and hotels, cafes and restaurants, where it was 5.9%.
By provinces
By province, the CPI grew mainly in Gipuzkoa. There the annual rise reached 3% in July, while in Bizkaia it was 2.5% and in Álava only 2.1%. Differences can also be seen in the case of sectors. Thus, for example, the annual variation of food reflects its greatest increase in Álava, where it increased by 10.6%, while in Gipuzkoa it did so by 10.2% and in Bizkaia by 9.9%.
This Friday UGT has warned that these will be “the most expensive vacations in recent years for families”, which it has warned that the good economic data should not “lead to ignore that prices are still high and rising.” In the union they have remarked that the main summer products, such as gasoline, “continue to rise considerably, food continues at 10% and the price of electricity breaks records.”
The secretary of Union and Institutional Policy of the UGT, Dani González, has blamed the high prices on “increases in business profits” and has denounced the decline in the purchasing power of families to the fact that “salaries do not grow in the same measure.” Currently in the Basque Country, 53% of salaried people (320,806 workers) have a current agreement, while 40.9% (282,410) have it without renewing it and the remaining 6.2% (37,847) have expired.
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