The consumer price index (CPI) stood at 1.9% in the month of May, seven tenths below the month former, due to the cheapening experienced by fuels -more than one 4% in May- and the tourist packages which contrast with the increase in prices last year.
If the advance data published this Tuesday by the National Institute of Statistics (INE) is confirmed on June 13, the CPI would be below the 2% for the first time this year.
With this data, consumer prices have been positive for nine months, although their rise has been moderated with respect to that recorded in the first two months of the year when they were located at 3%.
January recorded annual inflation that skyrocketed to 3% due to the increase in energy prices, a rate that was maintained in February despite the decrease in electricity prices because fresh fruits and vegetables rose.
In March there was a moderation to 2.3% as electricity and fuel prices were contained, which rebounded in April to 2.6% driven by tourist prices as a result of Easter.
Prices drop 0.1% compared to April
In monthly comparison, prices have fallen by 0.1% in May compared to April, which represents the first drop in the month of May in the last five years.
The leading indicator of the harmonized consumer price index (HICP) -which measures the evolution of prices with the same method in all the countries of the euro zone- It rose to 2% in May, six tenths less than in April. The monthly variation of the IPCA was 0%.
Source: www.rtve.es
