Year: 2024
Type: article
Abstract: 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.
DOI: 10.53479/37636
Institution: Bank of Spain
Language: English
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W4402394025