• This is how the INE measures the IPC: 200 officials visit the same stores throughout Spain every month

The

inflation

problem that has plagued the country since the middle of last year continues to worsen as the months go by and the approved measures fail to contain price increases.

The

Consumer Price Index (CPI)

registered an

interannual increase of 8.7% in May

, according to the data advanced this Monday by the INE, which means that it accelerated four tenths since April and abandoned the downward path that it seemed to have embarked on .

This means that prices in the country are 8.7% higher than they were in May 2021, and that they rose more in year-on-year terms than they did in April when the CPI registered levels of

8.3%

.

After the

March peak of 9.8%,

analysts expected price increases to gradually ease thanks to

the base effect

-compared to months last year when prices were already higher- and the measures

applied

to alleviate increases -such as the discount on fuel-, but these have not served for the time being to

moderate the increases in the indicator.

In addition, in May the

contagion of price increases

to the entire shopping basket worsened.

Core

inflation

- which excludes the price of energy and fresh food as they are the most volatile elements - soared

4.9%,

the highest rate since

October 1995.

In April, it had risen

4.4%

and already more than half of the goods that make up the shopping basket rose above 4%.

The data advanced this Monday by the INE and which must be confirmed in mid-June is

much more negative

than what economists such as those from the Savings Banks Foundation (

Funcas

) had done for this month, who predicted an increase in the

CPI of 7.6% and 4.6% for core inflation.

Conforms to The Trust Project criteria

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