Spanish Inflation Rate Up to 1.7% in May


According to the flash estimate issued by the INE, the annual inflation of the CPI in May 2013 was expected to be 1.7 percent. This indicator provides a preview of the CPI that, if confirmed, would imply an increase of three tenths of its annual rate, since in April this variation was 1.4 percent.

This increase in the annual rate is mainly a consequence of the rise in the prices of Food and non-alcoholic beverages and the drop in prices of Fuels and lubricants, lower than that registered in May 2012.

According to the flash estimate of CPI, consumer prices registered a 0.2 percent increase as compared with the month of April. 

In turn, the annual variation of the flash estimate of the HICP in May stood at 1.8 percent. If confirmed, the annual variation of the HICP would increase three tenths as compared with the previous month. 

INE | Nuno Fontes | nuno@tradingeconomics.com
5/30/2013 9:06:31 AM