Inflation ends three consecutive months of increases
After the increases experienced in March, April and May, the Consumer Price Index (CPI) has registered a reduction of two tenths in the interannual rate, standing at 3.4%. This decrease is due to cheaper fuels and lower oil and fat prices compared to the previous year.
Decrease in the prices of food and non-alcoholic beverages
The price of food and non-alcoholic beverages has experienced a drop in the year-on-year rate, standing at 4.2% in June. This decrease is mainly due to the decrease in the prices of oils and fats, in contrast to the increase recorded the previous year.
Evaluation of the Ministry of Economy, Trade and Business
The Ministry of Economy, Trade and Enterprise has highlighted that the rate of 4.2% in the food group is the lowest in two and a half years, since December 2021. It attributes this decrease in inflation to the decline in fuel prices and highlights the good evolution of food prices.
End of consecutive promotion months
With this reduction in the year-on-year CPI to 3.4% in the sixth month of the year, inflation ends three consecutive months of increases after the increases recorded in March, April and May. It should be noted that underlying inflation, which excludes unprocessed food and energy products, remains stable at 3% (https://correccioencatala.cat/com-estructura-text-catala/).
Monthly increase in CPI
In monthly terms, the CPI has registered an increase of four tenths in June compared to the previous month. This increase is due to increases in the prices of tourist packages, electricity and accommodation and catering services.
Harmonized Consumer Price Index (IPCA)
The Harmonized Consumer Price Index (IPCA) has placed the interannual rate at 3.6% in June, two tenths less than in May. The monthly variation of the IPCA was 0.4%.
