La inflación baja en Cádiz al 4,5 % en octubre, tres décimas menos

Prices in the province of Cádiz rose 4.5% in October compared with the same month a year earlier. That is three tenths less than in September, when the annual rate was 4.8%, according to data from the Consumer Price Index (CPI) published by the Instituto Nacional de Estadística (INE). The figure leaves Cádiz below the national average. Across Spain the annual rate was 4.9% in October, four tenths above the province. The monthly variation, October against September, was 0.5% in Cádiz and 0.6% in Spain.

The October drop is not an isolated event. In September the annual rate had already fallen to 4.8%, four tenths less than the 4.0% of August, according to the data the INE released on October 14. The decline has been repeated this month, though more moderate: three tenths. So far this year, prices have accumulated a rise of 4.2% in the province. In September that same indicator stood at 3.7%, so the increase over the last twelve months has moderated, but the year-to-date figure continues to grow. The CPI is the indicator used to measure how much the cost of living has risen in a territory. It is calculated by comparing the price of a basket of everyday goods and services with the price they had a year earlier. When the annual rate falls, it means prices are still rising, but at a slower pace than in previous months. The full data by provinces and months can be consulted in the INE table: la tabla del IPC provincial.