June 28 () –
The Consumer Price Index (CPI) rose 0.3% in June compared to the previous month but cut its interannual rate by two-tenths to 3.4%, according to data released Friday by the National Statistics Institute (INE).
The organization has explained that the moderation of the CPI to 3.4% is due to lower fuel prices and the fact that food prices rose less in June than in the same month of 2023.
On the other hand, Statistics highlights the upward influence on the CPI of the leisure and culture group, whose prices have risen more this month than in June of last year.
With the decrease in the interannual CPI in the sixth month of the year, inflation puts an end to three consecutive months of increases after the increases experienced in March, April and May.
The INE includes in the preliminary data of the CPI an estimate of the underlying inflation (excluding unprocessed food and energy products), which in June remained at 3%, the same rate as in May and four-tenths lower than that of the general CPI.
In monthly terms (June over May), the CPI rose by three-tenths, thus registering its sixth consecutive monthly increase.
The INE will publish the final CPI data for June on July 12.
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