He Consumer Price Index (CPI) of Spain has moderated in May 1.9% year -on -year From April 2.2%, according to the advanced indicator published by the National Statistics Institute (INE). The data has improved in two tenths the 2.1% expected by the market. Spanish inflation is located with this result at its lowest level since last October.
According to the INE statement, “this evolution is mainly due to the decrease in leisure and culture prices, in front of the increase in May 2024. It also influences, although to a lesser extent, the decrease in transport, greater than in May last year, and that the increase in electricity has been less than in the same month of the previous year.”
He Advanced monthly IPC has stagnated at 0% After growing 0.6% the previous month, below 0.1% estimated.
The Annual underlying inflation, which excludes food and energy, has fallen three tenths to 2.1%. For its part, the harmonized IPC has retreated 1.9% from the previous 2.2%, softening the planned 2%.
Euro reaction
The decrease in inflation in Spain, greater than expected, has caused a decline of the euro, which has fallen about 20 pips against the dollar. The EUR/USD has dropped to 1,1330, new daily minimum, where it lies when writing losing 0.15% in the day.
Economic indicator
Consumer Price Index (Yoy)
The consumer price index (CPI) published by the National Statistics Institute Capture changes in the prices of goods and services. IPC is an effective way to measure trends on purchase and inflation in Spain. A reading superior to expectations is bullish for the euro, while a lower reading is bassist.
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Last publication: old May 30, 2025 07:00 (PREL)
Frequency: Monthly
Current: 1.9%
Dear: 2.1%
Previous: 2.2%
Fountain: INE
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
