Regional heterogeneity in recent inflation developments in Spain

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...

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Detalles Bibliográficos
Autores: Fernández-Cerezo, Alejandro, Pacce, Matías, Sánchez, Isabel
Tipo de recurso: artículo
Fecha de publicación:2024
País:España
Institución:Banco de España
Repositorio:Repositorio Institucional del Banco de España
OAI Identifier:oai:repositorio.bde.es:123456789/37636
Acceso en línea:https://repositorio.bde.es/handle/123456789/37636
Access Level:acceso abierto
Palabra clave:Inflationary process
Underlying inflation
Energy shocks
Inflación
Economía regional
Renta, empleo y precios
E31
E66
R11
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repository_id_str
spelling Regional heterogeneity in recent inflation developments in SpainFernández-Cerezo, AlejandroPacce, MatíasSánchez, IsabelInflationary processUnderlying inflationEnergy shocksInflaciónEconomía regionalRenta, empleo y preciosE31E66R11Rationale 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 amounted to 18.9%. •Cumulative inflation has varied appreciably across regions. Castile-La Mancha and Galicia were the regions with the highest cumulative inflation in this period (21.2% and 20.4%, respectively), while Madrid 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, has essentially reflected the cross-regional differences in the composition of household consumption baskets.Banco de EspañaMadrid : Banco de España, 20242024info:eu-repo/semantics/articleapplication/pdfhttps://repositorio.bde.es/handle/123456789/37636reponame:Repositorio Institucional del Banco de Españainstname:Banco de EspañaInglésEconomic Bulletin / Banco de España, 2024/Q3, 08Versión en español 123456789/37592info:eu-repo/semantics/openAccessoai:repositorio.bde.es:123456789/376362026-06-20T12:44:27Z
dc.title.none.fl_str_mv Regional heterogeneity in recent inflation developments in Spain
title Regional heterogeneity in recent inflation developments in Spain
spellingShingle Regional heterogeneity in recent inflation developments in Spain
Fernández-Cerezo, Alejandro
Inflationary process
Underlying inflation
Energy shocks
Inflación
Economía regional
Renta, empleo y precios
E31
E66
R11
title_short Regional heterogeneity in recent inflation developments in Spain
title_full Regional heterogeneity in recent inflation developments in Spain
title_fullStr Regional heterogeneity in recent inflation developments in Spain
title_full_unstemmed Regional heterogeneity in recent inflation developments in Spain
title_sort Regional heterogeneity in recent inflation developments in Spain
dc.creator.none.fl_str_mv Fernández-Cerezo, Alejandro
Pacce, Matías
Sánchez, Isabel
author Fernández-Cerezo, Alejandro
author_facet Fernández-Cerezo, Alejandro
Pacce, Matías
Sánchez, Isabel
author_role author
author2 Pacce, Matías
Sánchez, Isabel
author2_role author
author
dc.subject.none.fl_str_mv Inflationary process
Underlying inflation
Energy shocks
Inflación
Economía regional
Renta, empleo y precios
E31
E66
R11
topic Inflationary process
Underlying inflation
Energy shocks
Inflación
Economía regional
Renta, empleo y precios
E31
E66
R11
description 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 amounted to 18.9%. •Cumulative inflation has varied appreciably across regions. Castile-La Mancha and Galicia were the regions with the highest cumulative inflation in this period (21.2% and 20.4%, respectively), while Madrid 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, has essentially reflected the cross-regional differences in the composition of household consumption baskets.
publishDate 2024
dc.date.none.fl_str_mv 2024
dc.type.none.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://repositorio.bde.es/handle/123456789/37636
url https://repositorio.bde.es/handle/123456789/37636
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv Economic Bulletin / Banco de España, 2024/Q3, 08
Versión en español 123456789/37592
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Banco de España
Madrid : Banco de España, 2024
publisher.none.fl_str_mv Banco de España
Madrid : Banco de España, 2024
dc.source.none.fl_str_mv reponame:Repositorio Institucional del Banco de España
instname:Banco de España
instname_str Banco de España
reponame_str Repositorio Institucional del Banco de España
collection Repositorio Institucional del Banco de España
repository.name.fl_str_mv
repository.mail.fl_str_mv
_version_ 1869402616823283713
score 15.811543

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