Spain's estimated annual CPI inflation in Jun 1.9%

01 Jul '23

1 min read

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Spain's estimated annual consumer price index (CPI)-based inflation in June is 1.9 per cent, statistics show.
This indicator provides a preview of the CPI which, if confirmed, would mean a decrease of more than one point in its annual rate, as in May this variation was 3.2 per cent.
Consumer prices registered a rate of 0.6 per cent in June compared to May.

Spain’s estimated annual consumer price index (CPI)-based inflation in June this year is 1.9 per cent, according to the flash indicator prepared by the Spanish Statistical Office (NSI).

This indicator provides a preview of the CPI which, if confirmed, would mean a decrease of more than one point in its annual rate, as in May this variation was 3.2 per cent.

This is mainly due to the fact that, this month, the rise in fuel, electricity, and food and non-alcoholic beverages prices has been lower than in June last year.

The estimated annual variation rate of underlying inflation (general index excluding non-processed food and energy products) decreased by two-tenths to 5.9 per cent, an official release said.

Consumer prices registered a rate of 0.6 per cent in June this year compared to May.

In June, the estimated annual variation rate of the harmonised CPI (HCPI) stood at 1.6 per cent, more than one point lower than the one registered in the previous month. The estimated monthly variation of the HCPI is 0.6 per cent.

Fibre2Fashion News Desk (DS)

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