Climb in prices suggests Spain is in recovery

THE consumer price index (IPC) has gone up by 0.1 per cent in July if compared with the same month last year, according to the data provided by the National Statistics Institute. 

Prices went up in the property market, leisure services and communications, the three sectors which caused the IPC to rise slightly. 

Compared to the results for June, prices have registered a decrease by 0.9 per cent, although that is credited as being largely down to the summer sales period. 

However, transport and food prices have gone down by 3.5 and 1.4 per cent respectively. The drop in transport prices has been linked to the reduction in oil prices, while food and non-alcoholic beverages have seen a reduction due to a decrease in the prices of legumes, fruit and green vegetables, as well as fish, which saw an increase last year.