This is the lowest level since July 2021. The decline is mainly due to cheaper fuel and, to a lesser extent, the moderation in food prices, as explained by the National Institute of Statistics (INE).
The consumer price index (CPI) has reduced its interannual rate by 9 tenths to 3.2%, the lowest level since July 2021due to moderation in food prices and cheaper fuel.
The National Institute of Statistics (INE) released advanced inflation data today, with final data due June 13.
With the setback of May inflation is declining again after the eight-tenths increase he recorded in April that took him to 4.1%, according to INE data.
Statistics have attributed the moderation in inflation in May to the cheaper fuel and to a lesser extent to the fact that food prices have risen less than in May 2022.
The INE also includes an estimate of the Underlying inflation (excluding unprocessed foods or energy products), which fell five-tenths in May to 6.1%, 2.9 points above the general CPI and the lowest level since July 2022.
Source: EITB
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