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In January, the monthly variation of the Consumer Price Index (CPI) was 1.1%

20/02/2025
The most notable increases were in housing and basic services and in household furnishing and maintenance, and the most notable decrease was in insurance and financial services.

In January 2025, the monthly variation of the Consumer Price Index (CPI) was 1.1%. The cumulative variation of the CPI was 1.1%, and the twelve-month variation was 4.9%.

Eleven of the thirteen divisions of the CPI basket had positive influences on the monthly variation of the index and two divisions had negative influences.

Among the divisions with increases in prices, the most notable were housing and basic services (2.7%), which had an impact of 0.481 percentage points (pp), and household furnishing and maintenance (1.7%), which had an impact of 0.100 pp. The remaining divisions with positive influence on the variation of the CPI had a combined impact of 0.502 pp.

Among the divisions with monthly decreases in prices, the most notable was insurance and financial services (-1.0%), which had an impact of -0.011 pp.

See:

Statistical Bulletin: Consumer Price Index January 2025

Technical Supplement (Spanish only)

Statistical Tables (Spanish only)

National Statistics Institute