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- Spain: consumer price growth slowed sharply in May
Spain: consumer price growth slowed sharply in May
According to the flash estimate issued by the INE, the annual inflation of the CPI in May 2019 was 0.8%. This indicator provides a preview of the CPI that, if confirmed, would imply an increase of two tenths in the annual rate, since in April this change was 1.5%.
This behaviour highlights the decrease in the prices of electricity compared to the increase experienced in 2018. Also influences that the prices of fuels rise this month less than last year.
In turn, the annual variation of the flash estimate of the HICP in May stands at 0.9%. If confirmed, the annual rate of the HICP would decrease seven tenths with respect to the previous month.
According to the flash estimate of the CPI, consumer prices registered a variation of 0.2% as compared with April.
The data released today is an advance of the final CPI and HICP data, which will be published next month. Until then, the results are available in INEbase.
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