Business NewsLatest News

Tyre prices down 7% in September in Spain

Precio neumáticos baja en septiembre

The price of tyres continues to fall and stands at 7% in September, according to a study carried out by the Spanish National Association of Distributors and Importers of Tyres (ADINE) based on data published by the National Statistics Institute (INE). With that figure, the price of tyres has now fallen for seven consecutive months and is also one point lower than the year-on-year rate recorded in August, bringing its difference with the general CPI to 3.5 points.

September is the Seventh Consecutive Month of Falls and is also One Point less than in August

In monthly terms, the ADINE study shows that on that month, the price of tyres increased by 0.7%, which is, on the one hand, six tenths more than that recorded in the previous month and, on the other hand, also five tenths more than the monthly CPI.

Finally, it is important to note that so far this year tyres have accumulated an increase of 5.5% (5.6 points below the same period of 2022), while the Consumer Price Index in Spain increased by 3.1% up to September.

News by date

The Latest

Suscribe to our newsletter and receive a section of articles every weeks

Commercial Tyre Business
You May Also Like