The National Statistics Institute has published this morning the latest update of the Consumer Price Index (CPI). This statistical measure indicates the evolution of the prices of goods and services consumed by the population residing in family dwellings in Spain and which form part of the shopping basket.
The CPI remained fairly stable in this last month of the year, according to the data shown in the latest INE report. However, in the categories related to the cosmetics, personal care and beauty sector, such as the classification called "articles for personal care and beauty products", they have experienced an increase of more than 4 points compared to the same period of the previous year, and of more than 12 when compared to the beginning of 2022. Despite remaining moderately stable in the last month, in November, this same category rebounded by more than half a point, coinciding with the start of the Christmas campaign. The lowest value of the year occurred in the month of January 2023, and from then on, it has suffered a sustained but moderate growth of the CPI.
On the other hand, non-electric appliances have been affected by a significant increase compared to the beginning of 2022. This category, which includes non-electric razors, blades and razor blades, shaving brushes, non-electric toothbrushes, sponges, combs, hairbrushes, scissors, nail files, tweezers, wigs, hair ornaments, make-up brushes and tassels, has increased by more than 7 points since January 2022.
Other categories analysed that are included in the personal care sector, such as beauty treatments, or the hairdressing sector, have registered the same increase since 2022 due to the rise in prices resulting from the conflict between Russia and Ukraine.
In the fashion sector, fashion prices have moderated throughout 2023, despite registering inflation of 3.6% in the first month of the year, its highest increase in twelve months. The fashion CPI recorded its lowest value, with a rise of 1.2%, a trend that continued in October, when prices rose by only 1.3%. In November, as in cosmetics, prices saw a sudden spike, ahead of the Christmas campaign, with an increase of 2.2%.