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rose 0.4% in May

rose 0.4% in May

Inflation registered an acceleration of 0.4% in May according to the Consumer Price Index (CPI) prepared by the National Institute of Statistics (INE), Meanwhile, the interannual value grew to 4.1%, exceeding the 3.8% in April.

He CPI registered a practically zero monthly variation of 0.4%, while the accumulated annual variation reached 3.5%, establishing the General Index number at 107.95. Meanwhile, the interannual variation was 4.1%.

In the comparison to May 2023, the number of General index was 103.70; while the accumulated monthly variation then was -0.01%, and the annual variation was 4.26%.

May inflation.jpg

How did the prices of the different sectors behave?

When evaluating the divisions with the greatest impact on the percentage variation of the CPI, the main one was Clothes and shoes (1.16%), followed by Food and non-alcoholic beverages (0.80%), Transport (0.46%) and Insurance and financial services (0.69%).

Regarding each product, the vegetables, tubers and legumes They represented the greatest variation, with an increase of 10.83% driven by the price of bell peppers (57.24%), zucchini and zucchini (37.78%) and onion (13.83%); followed by the Coffee and coffee substitutes which registered an increase of 3.85%, marked by the increase in the price of soluble coffee with 4.06%.

Within the category, the fruits and nuts They presented the greatest decrease (-6.23%), due to significant improvements in the prices of citrus fruits, with oranges (-21.46%) leading the way.

In Insurance and Financial ServicesFor its part, “price increases were recorded in Comprehensive private health insurance fee (3.42%), Automobile insurance (0.58%) and in Payments for banking services and banking houses (0.39% ),” according to the report of the INE. Likewise, in Transport The increase in gasoline was the protagonist with 1.95%; while in Restaurants and accommodation services, an increase in Restaurants, cafes and similar services stood out with 0.59%.

Source: Ambito

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