It seems that in the state of Alicante inflation was starting to take a break, but nothing could be further from the truth, because It rebounded strongly in June after three consecutive months of declines.. The increase in the cost of tourist services and, to a lesser extent, in the shopping cart, caused the Consumer Price Index (CPI) to rise five-tenths higher than the previous month, to 2.6% year-on-year in July. There is a phenomenon in which the increase in fuel prices has a share in this. The strong weight of the hotel and catering sector in this region has led to the increase being more pronounced than at the national level., to the point of being three-tenths above. Core inflation also rose from 5.9% in June to 6.2%.
April, May and June had been good three months in terms of inflation in the state of Alicante., given that there are three consecutive decreases in the rise in prices. However, a figure that rose to 2.6% with the arrival of July represents a clear change in trend, although it is far from 11.2% compared to the same month last year.
AND The start of the holiday season had a huge impact on this.Because the prices related to tourism were most effective in this increase. Without going further, tourist packages became 16% more expensive than in June, according to data released by the National Institute of Statistics (INE) this Friday, though the increase is much more striking, at 26.8% by comparison. on an annual basis. The reserved portion of restaurants and hotels is also growing, in this case, a 6.5% change compared to July 2022.
But that’s not the only thing that registrations have increased. So is the shopping cart.appeared to have entered a streak of moderation in recent months. Thus, food and non-alcoholic beverages increased by 1.3% on a monthly basis and reached 11.2% compared to the previous year. With a monthly increase of 0.1% in alcoholic beverages and tobacco, annual inflation in this group also rises to 8.8%.