Air passenger transport experiences biggest price increase in 13 years

Airline passenger transport prices increased by 8.5% in the first quarter compared to the same period of 2021. Biggest annual increase since the first quarter of 2009As reported this Friday by the National Institute of Statistics (INE).

Two of the fifteen service sector activities for which INE calculates price indices annual rate of change in the first trimester and increased to thirteen.

This is demonstrated by the Service Sector Price Index, which aims to provide quarterly indices of the development of the service sector’s price. services to companies For each of the sectors from the manufacturer’s point of view.

In addition to the annual increases, passenger air transportation comes to the fore. 8.5% change in prices, almost 2.5 points higher than the previous quarter; and advertising increased its annual rate by 6.5 percentage points to -2.5%.

this only two activities that reduce annual rates market research, which reduced its annual rates by almost two percentage points to 2.1%, and information services, which reduced their prices by 1.3% in the first quarter, two-tenths lower than the previous quarter.

The surplus is rising

this excess service industry on the rise 66.8% After increasing its exports by more than 28%, it rose to 4,985.8 million euros in the first quarter compared to the same period in 2021, according to the International Trade in Services Survey released this Friday by the National Institute of Statistics (INE). ).

In particular, exports increased by 28.1% year-on-year to 20,112.8 million euros in the first quarter, while imports increased by 19% to 15,127 million euros.

Services that contributed the most to the recovery in exports in the first quarter. public transport; telecommunications, computer and information and business services.

Especially in the transportation sector, foreign sales figures have been reached. 4,951 millionWith an increase of 25.3% compared to the first quarter of 2021, those carried out by commercial services totaled 6,637.1 million euros, 28.2% more, and those carried out by telecommunications services increased by 25.5% compared to the first quarter of the year, amounting to 3,137 million. last year.

Between January and March There is no sector that contributes negatively to service exports. The lowest contribution was recorded in government goods and services with 22.3 million (+128.4); Construction with 214 million (+32.6%) and financial services with exports of 589.6 million Euros, 18.8% more than in the first quarter of 2021.

Import contribution

On the other hand, services that made the most positive contribution to the increase in imports in the first quarter compared to the same period of the previous year, telecommunication2,237.2 million euros, up 12.2% year on year; Imports of 5,237.7 million euros and business services with a growth rate of 29.4% and transportation of 3,738.8 million euros with 27% more imports.

Top performing industries negative contributions the inter-year evolution of imports in the first quarter of the year, insurance and pensions that reduced their imports by 2.9% to 1,671.1 million Euros; personal, cultural and recreational services, whose imports were 102 million (-0.7%), and construction, whose purchases from abroad decreased by 13.9% to 19.4 million Euros.

when it comes geographic target In the first quarter of service exports, those to Europe reached 13,070.9 million Euros, while those to the EU reached 8,964.9 million Euros. Of these, those allocated for the eurozone amounted to 8,289.5 million euros.

Finally, regarding imports, European origin They reached €11,079.3 million with values ​​of €8,264.2 and €7,523.9 million for the EU and euro area, respectively.

Source: Informacion


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