Spain ES: Consumer Price Index (CPI): Local Source Base Year: Communication

Spain ES: Consumer Price Index (CPI): Local Source Base Year: Communication data was reported at 101.821 2021=100 in 2023. This records an increase from the previous number of 98.748 2021=100 for 2022. Spain ES: Consumer Price Index (CPI): Local Source Base Year: Communication data is updated yearly, averaging 108.069 2021=100 from Dec 2002 (Median) to 2023, with 22 observations. The data reached an all-time high of 124.625 2021=100 in 2002 and a record low of 97.464 2021=100 in 2015. Spain ES: Consumer Price Index (CPI): Local Source Base Year: Communication data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Spain – Table ES.OECD.MEI: Consumer Price Index: COICOP 1999: OECD Member: Annual. The index measures monthly changes in the general level of prices of goods and services bought by private households for consumption purposes. Types of prices: Retail prices, including sales taxes and other taxes, and price reductions (since January 2002) but excludes special offers and deferred payments. Price collection methods: Some prices are centrally collected (for cars, petrol, tobacco, telephone service, etc.) but most of them are collected by personal visits to retail outlets. Treatment of Rentals for Housing: Only Actual rentals for housing are included. No imputed prices are considered. Treatment of Owner-Occupied Housing: Excluded. Treatment of missing prices: When a price observation is temporarily unavailable in a given month, its price is imputed basing on the price movement of similar products within the same geographic area. If the price is permanently unavailable then a replacement item is selected. Treatment of quality changes: Several techniques are used to make a quality adjustment when a qualitative difference between the new and the old variety is observed. Examples of the quality adjustment methods used for the CPI are the Total quality adjustment, Adjustment for identical quality, Imputed prices, Production costs, Overlapping prices, Hedonic techniques and other types of methods. Introduction of new items: Since January 2002 the list of products is reviewed every year. Seasonal items: Fresh fruit and vegetable prices are collected only for the months in season. They have a different monthly basket and item weights vary from month to month. Prices and weights are combined in a moving average of the last twelve months.; Index series starts in January 2002

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