The consumer price index rose three-tenths to 3.6% in May, while food inflation fell to 4.4%.

inflation rises again until it reaches 3.6% in May, three tenths more than in April. This is reflected in the Consumer Price Index (CPI) data released this Thursday by the National Institute of Statistics.INE), What confirm preliminary data and connects this rebound with growth electricity prices and at the slightest drop in fuel.

Specifically, the groups that contributed the most to the increase in the CPI in May were living placewhose rate rose 1.2 points to 5.2% due to growth electricity compared to the decline in May 2023, and transport, which set its rate at 3.8%, which is nine tenths higher than the April figure. The growth is mainly due to prices for fuelwhich fell less than in the same month in 2023.

However, last month food inflationwhich decreased by three tenths, to 4.4% year-on-year, representing one of the lowest levels since November 2021 and a decline of more than 12 points over the past year.

This decline was due in large part to the fact that price increases for fruit and meat were lower than in the same month in 2023, as well as drop in oil prices and fat compared with the increase in May last year.

In its turn, Core inflation rose by one tenth last month, driven by rising prices for tourism-related services, to 3%which is still below general inflation.

Economic assessment

For him Ministry of Economicsthis evolution of inflation continues to reflect the ability of the Spanish economy make greater economic growth compatible among the main eurozone countries with price moderation and maintaining support for the most vulnerable.

The department, headed by Carlos Cuerpo, also emphasizes that it continues to improve family purchasing powerwhich have already reached pre-pandemic levels, and competitiveness of companies Spanish language.