CPI in one click
Competitiveness Guarantee Index
As established in Act 2/2015, from 30 March, on the Deindexation of the Spanish Economy (BOE 31/03/2015), the INE is responsible for the calculation and monthly publication of the Competitiveness Guarantee Index (CGI).
This Index establishes a rate of review of prices consistent with the recovery of competitiveness in the Eurozone. This rate will be the same as that of the Harmonized Index of Consumer Prices (HICP) of the UEM minus a part of the loss of competitiveness accumulated by Spain since 1999. When the variation rate of this index stands below 0 per cent, this value will be taken as reference, which will equal the application of the rule of no revision. When the variation rate of this index surpasses the ECB short-term annual inflation objective (2 per cent), this value will be taken as reference. This way, we ensure that contracts to which this new index is applied contribute to guarantee the maintenance of short-term economic competitiveness.
Uptaded on 19th May 2022
Last period published | Variation % |
---|---|
March 2021 to March 2022 | 3.69 |
Publication calendar
Data reference month Date of publication October 2021 20 december November 2021 21 January December 2021 24 February January 18 March February 22 April March 19 May April 20 June May 20 July June 19 August July 19 September August 20 October September 18 November October 19 December