Quarterly Report: Prices in the Service Sector in Spain (Third Quarter 2023)

The National Institute of Statistics (INE) has released the latest press release on the Price Indices for the Service Sector (IPS) for the third quarter of 2023 in Spain. Here are the key highlights:

Passenger Air Transport:

  • Prices for passenger air transport show an annual rate of -2.3%, indicating a decrease of nearly three points compared to the previous quarter.


  • The annual rate for telecommunications services has increased by almost two and a half points, reaching 3.0%.

This report provides a detailed insight into the price variations in these key sectors during the third quarter of 2023 in Spain. The information provided by the INE is crucial for understanding economic dynamics and price trends in the country.