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Annual inflation rate in Burgos rises to 4.3% in July

The latest monthly report from the Burgos Chamber of Commerce indicates that the annual inflation rate in the province has increased to 4.3%, marking a rise of 1.2 percentage points compared to the previous month.

Annual inflation rate in Burgos rises to 4.3% in July

The latest monthly report from the Burgos Chamber of Commerce reveals that the annual inflation rate in the province reached 4.3% in July, an increase of 1.2 percentage points from the previous month. In contrast, the national inflation rate rose by six-tenths to settle at 4.9%.

In the construction sector, public works tenders showed a growth of 9.8% up to August, while the national figure increased by 20.9%. However, in the region of Castilla y León, there was a decline of 12%.

Tourism figures indicate a decline in the number of travellers recorded until August, with a year-on-year drop of 7.4% in Burgos. In the broader regional context, the decrease was 3.2%, while the national level saw an increase of 2.2%.

Regarding foreign trade, the value of exports registered until July showed an annual increase of 10.5%, resulting in a coverage ratio (exports/imports) of 156%, significantly higher than the national average of 86.2%.

Recent labour market data indicates that the number of registered unemployed in September stood at 13,332, reflecting a year-on-year increase of 4.7%. In Castilla y León, unemployment rose by 2.7%, while Spain as a whole experienced a decrease of 1.7%. Additionally, social security affiliation saw a year-on-year rise of 1.5% in September, matching the regional growth rate but falling short of the national increase of 3.4%.

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