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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 22th February 2024

 

Competitiveness Guarantee Index
Last period published Variation %
December 2022 to December 2023 0.72

Variation of previous periods

Methodology of calculation

  • Publication calendar

    Data reference month Date of publication
    November 2023 18/01/2024
    December 2023 23/02/2024
    January 2024 19/03/2024
    February 2024 18/04/2024
    March 2024 20/05/2024
    April 2024 19/06/2024
    May 2024 18/07/2024
    June 2024 21/08/2024
    July 2024 19/09/2024
    August 2024 18/10/2024
    September 2024 20/11/2024
    October 2024 19/12/2024