{"id":147579,"date":"2025-12-30T12:34:42","date_gmt":"2025-12-30T11:34:42","guid":{"rendered":"https:\/\/lavozdeibiza.com\/sin-categorizar\/cpi-falls-to-2-9-in-december-due-to-lower-fuel-prices\/"},"modified":"2025-12-30T12:34:42","modified_gmt":"2025-12-30T11:34:42","slug":"cpi-falls-to-2-9-in-december-due-to-lower-fuel-prices","status":"publish","type":"post","link":"https:\/\/lavozdeibiza.com\/en\/current-news\/cpi-falls-to-2-9-in-december-due-to-lower-fuel-prices\/","title":{"rendered":"CPI falls to 2.9% in December due to lower fuel prices"},"content":{"rendered":"<p data-start=\"255\" data-end=\"562\">The Consumer Price Index<strong data-start=\"288\" data-end=\"295\">(CPI<\/strong>) cut its year-on-year rate by one tenth of a percentage point in <strong data-start=\"338\" data-end=\"351\">December<\/strong>, to <strong data-start=\"374\" data-end=\"382\">2.9%<\/strong>, driven mainly by the <strong data-start=\"416\" data-end=\"460\">drop in fuel prices<\/strong>, according to advanced data published Tuesday by the <strong data-start=\"518\" data-end=\"561\">National Statistics Institute (INE).<\/strong><\/p>\n<p data-start=\"564\" data-end=\"786\">With this decline in the last month of the year, inflation has been <strong data-start=\"630\" data-end=\"670\">moderating for two consecutive months<\/strong>, after reaching its highest level in the last <strong data-start=\"741\" data-end=\"753\">16 months<\/strong> in October, when it stood at <strong data-start=\"777\" data-end=\"785\">3.1%<\/strong>.<\/p>\n<p data-start=\"788\" data-end=\"1163\">The INE explains that the evolution of the CPI is due, above all, to the behavior of <strong data-start=\"881\" data-end=\"936\">fuels and lubricants for personal vehicles<\/strong>, whose prices have decreased compared to the increase registered in December 2024. They have also contributed, although in a more moderate way, the prices of <strong data-start=\"1084\" data-end=\"1102\">leisure and culture<\/strong>, which rise, but less than in the same month of the previous year. <\/p>\n<ul>\n<li data-start=\"788\" data-end=\"1163\">\n<h5><a href=\"https:\/\/lavozdeibiza.com\/en\/current-news\/spain-raises-the-retirement-age-in-2026-these-are-the-requirements-to-collect-100-of-the-pension\/?swcfpc=1\" target=\"_blank\" rel=\"noopener\">Spain raises the retirement age in 2026: these are the requirements to collect 100% of the pension<\/a><\/h5>\n<\/li>\n<\/ul>\n<p data-start=\"1165\" data-end=\"1392\">On the other hand, <strong data-start=\"1214\" data-end=\"1252\">food and non-alcoholic beverages<\/strong>, whose prices increased more than in December of last year, partially offsetting the effect of energy on headline inflation, have put upward pressure on inflation.<\/p>\n<h3 data-start=\"1394\" data-end=\"1442\">Average inflation in 2025 closes at 2.7%.<\/h3>\n<p data-start=\"1444\" data-end=\"1774\">In <strong data-start=\"1462\" data-end=\"1470\">2025<\/strong> as a whole, general inflation closed with an average rate of <strong data-start=\"1522\" data-end=\"1530\">2.7%<\/strong>, one tenth below that recorded in <strong data-start=\"1574\" data-end=\"1582\">2024<\/strong>. The <strong data-start=\"1593\" data-end=\"1619\">Ministry of Economy<\/strong> emphasized that this figure &#8220;allows families to continue recovering <strong data-start=\"1692\" data-end=\"1713\">purchasing power<\/strong>&#8220;, in a context of progressive normalization of prices. <\/p>\n<ul>\n<li>\n<h5><a href=\"https:\/\/lavozdeibiza.com\/en\/current-news\/minimum-wage-in-2026-to-start-at-1184-euros-per-month-pending-further-increase\/?swcfpc=1\">Minimum wage in 2026 to start at 1,184 euros per month pending further increase<\/a><\/h5>\n<\/li>\n<\/ul>\n<h3 data-start=\"1776\" data-end=\"1826\">Core inflation remains at 2.6%.<\/h3>\n<p data-start=\"1828\" data-end=\"2054\">The CPI advance also includes an estimate of <strong data-start=\"1883\" data-end=\"1907\">core inflation<\/strong> -which excludes unprocessed food and energy products-, which in December remained stable at <strong data-start=\"2013\" data-end=\"2021\">2.6%<\/strong>, the same rate as in November.<\/p>\n<p data-start=\"2056\" data-end=\"2429\">If confirmed, core inflation would be at its highest level since <strong data-start=\"2145\" data-end=\"2166\">December 2024<\/strong>, when it also reached 2.6%. However, on average for the year, core inflation moderated to <strong data-start=\"2270\" data-end=\"2278\">2.3%<\/strong>, compared to <strong data-start=\"2290\" data-end=\"2298\">2.9%<\/strong> in 2024, in line with the <strong data-start=\"2324\" data-end=\"2368\">target of the European Central Bank (ECB)<\/strong>, according to the department headed by <strong data-start=\"2411\" data-end=\"2428\">Carlos Cuerpo<\/strong>. <\/p>\n<ul>\n<li>\n<h5><a href=\"https:\/\/lavozdeibiza.com\/en\/current-news\/new-pay-rise-for-civil-servants-salary-increase-in-2026-and-progress-towards-35-hour-working-day\/?swcfpc=1\">New pay rise for civil servants: salary increase in 2026 and progress towards 35-hour working day<\/a><\/h5>\n<\/li>\n<\/ul>\n<h3 data-start=\"2431\" data-end=\"2476\">Prices rise 0.3% in monthly rate<\/h3>\n<p data-start=\"2478\" data-end=\"2623\">In monthly terms, the CPI increased by <strong data-start=\"2519\" data-end=\"2561\">0.3% in December with respect to November<\/strong>, one tenth of a percentage point more than the increase recorded the previous month.<\/p>\n<p data-start=\"2625\" data-end=\"2919\">For its part, the <strong data-start=\"2642\" data-end=\"2692\">Harmonized Index of Consumer Prices (HICP)<\/strong> cut its year-on-year rate by two tenths, to <strong data-start=\"2742\" data-end=\"2748\">3%<\/strong>, with a monthly variation also of <strong data-start=\"2788\" data-end=\"2796\">0.3%.<\/strong> Underlying HICP inflation stood at <strong data-start=\"2846\" data-end=\"2854\">2.8%<\/strong> in the last month of the year, according to Statistics estimates. <\/p>\n<p data-start=\"2921\" data-end=\"3093\">The <strong data-start=\"2924\" data-end=\"2931\">INE<\/strong> will publish the <strong data-start=\"2946\" data-end=\"3011\">final CPI data for December on January 15<\/strong>, when the final evolution of inflation at the end of the year will be confirmed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Inflation closed December at 2.9%, one tenth of a percent lower than in November, driven by lower fuel prices, while food continued to push up prices.<\/p>\n","protected":false},"author":31,"featured_media":147576,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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