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Consumer Price Index. July 2020

The annual change in the flash estimate of the CPI stands at -0.6% in July 2020, three tenths below the registered in May. The annual rate of the IPCA indicator is -0.7%.

Info about the effects of COVID-19 in the IPC calculation

Consumer Price Index. Base 2016 - Avance. Julio 2020
Indicator Note Monthly change Anual change
Overall index -0.9 -0.6
Bienes COVID-19 -0.7 1.8
Servicios COVID-19 -0.1 -3.0
Alimentos y bebidas no alcohólicas -0.8 2.2
Alimentos sin elaboración -1.7 3.1
Alimentos elaborados -0.3 1.7

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Did you know...?

The Consumer Price Index (CPI) is a statistical measure of the evolution of the prices of goods and services consumed by the population that reside in family dwellings in Spain.

The combination of goods and services that conform the shopping basket is basically obtained from the consumption of families, and the importance of each one of these within the calculation of the CPI is determined by said consumption.

As of January 2002 the CPI methodology was completely renewed. The methodological changes introduced in this System has made the CPI indicator more dynamic, adapting better to the evolution of the market, given that it is possible to update the weightings more frequently. Furthermore, it is possible to include new products in the shopping basket when consumption becomes significant.

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