"The annual rate of change in the Consumer Price Index (IPC) will have increased to 3.0% in December 2024, a rate 0.5 percentage points (p.p.) higher than that observed in the previous month", says the INE.

The underlying inflation indicator, which excludes products with more volatile prices, such as food and energy, would have registered a rate of 2.8% in December, accelerating from 2.6% in the previous month.