The year in which prices rose less than wages

it May not be very fun, but staying at home warm in there tinkering with the computer or the mobile has this year been the best choice for the pockets. To keep

The year in which prices rose less than wages

it May not be very fun, but staying at home warm in there tinkering with the computer or the mobile has this year been the best choice for the pockets. To keep under control the expenditure in these matters, it is better not to have accompanied these activities with fries. In this 2019 just, the expenses related to the home, such as electricity or heating, and electronic devices have moved into negative rates, according to CPI data through November. On the contrary, fresh products such as potatoes, fruit and, above all, the meat of pig, have embittered the visit to the supermarket. Well it is true that, in the absence of the data of December, wages have grown this year above prices: up 1.9% compared to 1.1% which provides Funcas for December.

In the absence of data for the month of December, what comes next is a review of the ups and downs most prominent of the different groups in which the INE organized the nearly 500 products and services with developing this index, the CPI, which all the world knows as “prices”. It has been a year of prices contained in general, although it is likely to close with another sense, by the acceleration of the final stretch.

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The light sinks in the CPI in September was 0.1%, the lowest rate in three years, The labour costs grow in 2019 at the fastest rate in the last 10 years the rise in The price of pork alarm to the industry affected by the tariffs of the US, predict surpluses and falling prices

Food and non-alcoholic beverages . Last year, the potato tortilla was the alpha and the omega of the prices, with the tuber fired (12.4%) and the olive oil down (-14,3%). This year, within the most powerful group of the CPI, the situation is similar. The oil is still coating very fall (12.5% in year-on-year in November), so much so that the producers have made an appointment with the president of the Government on functions, Pedro Sanchez, to demand measures. The harvest of olive grove record-2018 (1.8 million tons of oil) is behind a few prices for the soil, according to Rafael Sánchez de Puerta, secretary of the Interprofessional association of olive oil. And, to make matters worse, when the sector could catch a glimpse of the end of the tunnel, with the prospect of a harvest 2019 more contained and, in October, “came the crushing blow of the tariffs of 25% in EE UU”. “It is a duty of closure of border, unbearable,” he says. And the european authorization for private storage (voluntary withdrawal of product from the market to raise the price) was insufficient. A new storage authorization and the prospect of a harvest lower this year are the hopes of the sector.

On the other hand, the potatoes are still getting fatter (+5.2% for the fresh, +4,4% of the chips). A vintage “nasty in Europe,” explained the high prices in the first few months, explains Alberto Duque, producer and responsible for the product in COAG. “In September, there has been a better harvest and it has gone down,” he says. The price paid at origin spent more than 35 cents / kg in August to the half in September, according to data from the COAG and since then has not increased.

annual Variation of the CPI

November, 2019 November, 2018

general Index: 0,4%

-20%

-15

-10

-5

0

5

10

Jewelry

9,8

pork

5,7

Fruit fresh or chilled

5,6

Potatoes

5,2

domestic Flights

5,1

Magazines and publications

periodic

5,0

private health Insurance

5,0

Potato chips

4,4

photography Services

4,2

Other meats

4,0

Hotels, hostels, pensions...

4,0

Games

and hobbies

-4,1

Fuels

liquids

-5,5

-5,7

Cameras

Accessories

procesam.

information

-5,7

-6,4

Computers

natural Gas

and city gas

to 9.6

down 11.6

Electricity

-12,5

olive Oil

-12,8

Mobile

-14,3

Other media

Hydrocarbons

smoothies

-16,5

change groups

general Index: 0,4%

-5%

-4

-3

-2

-1

0

1

2

Restaurants and hotels

2,0

Food and drinks

non-alcoholic

1,7

Other goods and services

1,4

clothing and footwear

1,0

Education

0,9

Furniture, household items...

0,8

Communications

0,8

Health

0,6

alcoholic Beverages and tobacco

0,4

Transport

0,4

Leisure and culture

0,0

Housing, water, electricity, gas...

-4,1

Source: INE.

THE COUNTRY

annual Variation of the CPI

November, 2019 with respect to November 2018

general Index: 0,4%

-20%

-15

-10

-5

0

5

10

Jewelry

9,8

pork

5,7

Fruit fresh or chilled

5,6

Potatoes

5,2

domestic Flights

5,1

Magazines and publications

periodic

5,0

private health Insurance

5,0

Potato chips

4,4

photography Services

4,2

Other meats

4,0

Hotels, hostels, pensions...

4,0

-4,1

Games & hobbies

-5,5

liquid Fuels

-5,7

Cameras

Accessories for information processing

-5,7

-6,4

Computers

natural Gas

and city gas

to 9.6

down 11.6

Electricity

-12,5

olive Oil

telephone Equipment

mobile

-12,8

-14,3

Other media

Hydrocarbons

liquefied

-16,5

change groups

general Index: 0,4%

-5%

-4

-3

-2

-1

0

1

2

Restaurants and hotels

2,0

Food and drinks

non-alcoholic

1,7

Other goods and services

1,4

clothing and footwear

1,0

Education

0,9

Furniture, household items...

0,8

Communications

0,8

Health

0,6

alcoholic Beverages and tobacco

0,4

Transport

0,4

Leisure and culture

0,0

Housing, water, electricity, gas and other fuels

-4,1

Source: INE.

THE COUNTRY

annual Variation of the CPI

November, 2019 with respect to November 2018

general Index: 0,4%

-20%

-15

-10

-5

0

5

10

Jewelry

9,8

pork

5,7

Fruit fresh or chilled

5,6

Potatoes

5,2

domestic Flights

5,1

Magazines and periodicals

5,0

Private health insurance

5,0

Potato chips

4,4

photography Services

4,2

Other meats

4,0

Hotels, hostels, pensions...

4,0

-4,1

Games & hobbies

-5,5

liquid Fuels

-5,7

Cameras

Accessory equipment

information processing

-5,7

-6,4

personal Computers

to 9.6

natural Gas and city gas

down 11.6

Electricity

-12,5

olive Oil

-12,8

mobile phone Equipment

-14,3

Other media

-16,5

Hydrocarbons, liquefied

change groups

general Index: 0,4%

-5%

-4

-3

-2

-1

0

1

2

Restaurants and hotels

2,0

Food and non-alcoholic beverages

1,7

Other goods and services

1,4

clothing and footwear

1,0

Education

0,9

Furniture, household items...

0,8

Communications

0,8

Health

0,6

alcoholic Beverages and tobacco

0,4

Transport

0,4

Leisure and culture

0,0

Housing, water, electricity, gas and other fuels

-4,1

Source: INE.

THE COUNTRY

In any case, the protagonist of lI fresh this year has been the pork meat (+5.7 per cent). With a cause very clear: the swine flu epidemic in China, the world's largest consumer. “The crisis of health in China has drastically reduced their production capacity and soaring global demand,” explains Miguel Huerta, secretary-general of awareness-raising, employer of the flesh. “The import statistics of meat in China by the close of 2019 show record numbers”, he adds, and predicts a 2020 similar.

alcoholic Beverages and tobacco . The premiumización of the offer, with varieties increasingly specialized, aged or flavored with all sorts of ingredients drives, according to industry sources, the price of beer, the most inflationary group of beverages, with a rise of 3.5% this year. Also influences, insist the sources, that the current economic climate encourages consumers to throw away less of the white mark. In contrast, the grape wine has gone this year of the decline (-1,5%), thanks to a bountiful harvest and, again, the burden of the tariffs of the united STATES.

clothing and footwear . The sector of clothing and add-ons has experienced a year of ups and downs, but with discrete outcomes at the end of the year. Or the closet female or the male have experienced large variations. Highlights, yes, the rise in the cost of the “cleaning of clothing”, that is to say, the dry cleaning services. According to José Carlos Mas, president of Astylcam, the patron of madrid's guild, the rise in the minimum wage has been the trigger of the rise. “Has done much damage to our sector, because we do not work with large margins”, explains, assuring that the companies have absorbed a part of the climb.

A technical review of the counters in the light of a building. albert gea reuters

Housing, water, electricity, gas and other fuels . The consumption of the household have delighted the pockets of millions of spaniards, about 4%, mainly due to energy prices. These days we enjoy electricity more cheaply in a long time, thanks to the storms, but the light has gone down for most of the year, to close in November, up 11.6 per cent cheaper than a year before. According to the wholesale operator, OMIE, was impacted by the lower price of gas, which feeds the combined cycles, as well as a factor is more structural: the increasing wind power and photovoltaic installed.

Keep the house warm has also come out cheaper. The heating oil (5.5 percent), natural gas (to 9.6%) and the hydrocarbon liquid such as butane or propane (-16,5%) have reflected the cheapening of the raw material. GasLicuado, the association that gathers the main companies of the sector, it also points to lower demand “due to the higher temperatures”.

What is more expensive this year in the home is reform. In the heat of a real estate market on the rise, which add to the labor, electricians, painters or plumbers have risen to around 1.5%, of their services.

Furniture and items for the home and for their maintenance . In this section, highlights the rise of the domestic services by the increase in the minimum wage, according to Lola Santillana, secretary of the employment of CC OO, that complaint does not, however an uneven application. And the rest, two small appliances are located at the ends of the top and bottom. Goes up the price of the sheets (1,6%), while low the of coffee pots and electric tea kettles (down 2.2%).

Health . One year more, this group did not experience significant changes. More expensive the dentist (+1.6%) and the cheaper the eye doctor (-1,4%).

Transport . The use of aircraft to move between Spanish cities mark historical highs and rising demand has pulled the prices of the domestic flights (+5,1%). According to Javier Gándara, president of the Association of Airlines, has also driven the demand increased in July for the discount that will benefit the residents in the islands.

Communications . The “mobile phone equipment”, which include from the terminals to accessories such as covers, chargers and speakers, come to be among the biggest downs of the year (-12,8%). Eduardo Díaz, director of purchases of The Phone House, pointing more to the accessories, with the presence of chinese brands with prices very aggressive. However, using the mobile is more expensive, with a rise of 2.8% of the services packaged telephony.

Leisure and culture . Precisely the obsolescence of certain products by the omnidependencia of the mobile phone causes another of the great lows of the year. The reels of photo, memories photographic, digital spikes USB or external hard drives, which the INE includes in the heading “other media”, are depreciated 14.3%. In contrast, the analog “magazines and other periodicals” is up 5%.

Teaching . This year only cheapens one of the sections: the education of children. Will the low birth rate has something to do with it.

Restaurants and hotels . A year that points to new record in tourist is reflected in a 4% rise in the hotels and other accommodation services. The sector reiterates that the repositioning of the hotel offer, to establishments of higher quality has to be the answer to the competition from other mediterranean destinations.

Other goods and services . According to the INE, the jewellery and the jewellery (+9,8%) prevailing on the last and the most varied section of the basket, which includes everything from haircuts to funeral services. Although the Spanish Association of Jewellers, Silversmiths and Watchmakers don't block the data, what is true is that gold has appreciated by 15.3% so far this year, according to the World Gold Council (WGC, for its acronym in English), while silver has done a 17.6%.

A boost of last-minute Christmas

The sector of seafood is grab the holiday season to save a year to the poor (-1,5% year-on-year in November, 3.4% in 2019). “It has been a year of mild in the weather, it has been able to go out to the sea and has been caught in abundance,” explains Basilio Otero, president of the National Federation of Cofradías of Fishermen (FNCP). But he warns that the storms of recent weeks have limited the catch, which, coupled with the demand for christmas, he is catapulting prices, especially starting this week.

Matches the OCU, in his Observatory on the prices of the products of christmas, published this Monday, it detects a rise of 8.5% in the typical food of these dates, a selection of 15 products that includes prawns, lamb, suckling pig, goose barnacles, iberian ham or sea bream, among others. Well, it has registered an increase of 65,8% of the price of the clams from the end of November, when they start the track; the sea bream, an increase of 20.4% on the same dates. The eels have gone up 20.6%, up to a prohibitive 794,4 euros per kilo. According to their data, has fallen somewhat ham (-1%), turkey (-3,3%) or goose barnacles from galicia (-3,8%).

Updated Date: 26 December 2019, 06:00

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