The

Consumer Price Index

(CPI) rose 0.4% in June compared to the previous month and placed its interannual rate at 2.6%, one tenth below that of May, according

to advanced data

published this Tuesday by the National Institute of Statistics (INE).

With the June data, the year-on-year CPI chains its sixth consecutive positive rate and continues at its highest levels since 2017.

According to Statistics, the moderation of the CPI to 2.6% was mainly contributed by

fuels

and

fuels

, whose prices increased less in June than they did in the same month of 2020.

In monthly rate, the CPI increased by 0.4% in June, one tenth less than in May, and has already

added four consecutive months of increases

.

The INE incorporates in the advance of CPI data an estimate of core inflation (excluding non-processed food or energy products), which figures for June at 0.2% year-on-year, the same as in May and a rate of almost 2.5 points lower than the general index.

In the sixth month of 2021, the

Harmonized Consumer Price Index

(HICP) placed its interannual rate at 2.4%.

If this data is confirmed, the annual rate of the HICP would not change with respect to May.

For its part, the leading indicator of the IPCA rose 0.4% in monthly rate.

The INE will publish the final CPI data for June on July 14.

According to the criteria of The Trust Project

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