The shopping cart continued to modernize its rise in June, but remained above 10% year-on-year increase. Consumer price index (CPI) final published by the National Institute of Statistics (INE). Data confirms CPI It reflects a slowdown in its rise to 1.9%, the lowest level since April 2021, after stalling at 3.2% in May. Compared to May, prices rose 0.6%, significantly lower than a year ago (1.9%).
also reduced inflation underlyingIt is the most structural, excluding the most volatile elements such as energy and unprocessed food, although it remained high at 5.9% in June after a 0.5% increase from May. In any case, it shows that you are following slowing the rise of the shopping cart Two-tenths lower than in May.
department food soft drinks, on the other hand, fell by 10.3%, down more than one and a half points from the previous month, which was 12% since May. This development is mainly due to changes in prices. fruits, bread and cereals and meat It increased less than in June 2022. stability of milk, cheese and eggs, increase and decrease in prices compared to the previous year legumes and vegetables (-1.3% month on month), increased in June of the year.
One of the variables with the highest monthly growth is tourist packagesincreased by 11% compared to the previous month. Among the foods, the highest monthly increases were fruits with 1.9% and oils and fats with 2%. In addition to vegetables, gas (-1.5%) and clothing (-1%) also lowered their prices in June from May.
They confirm from the executive that final data from the INE “confirmed that inflation fell to 1.9% in June, the lowest rate since April 2021. Temporary abolition of VAT on staple foods (common bread, flour, milk, cheese, eggs, fruit, vegetables, vegetables, legumes, tubers and cereals) and Reducing the ratio from 10% to 5% in oils and pastes. These measures are extended until at least 1 November if core inflation falls below 5.5% in September, and until the end of the year if the increase in prices remains above this level.
In contrast, the same sources say “Spain The first country among the major economies of the eurozone to reduce inflation below 2%ECB reference level” and “One of the countries with the lowest inflation in the European Union(harmonized inflation falls to 1.6% as a result in the competitiveness of Spanish companies and the purchasing power of wages)”.
June inflation data, fuel, electricity and especially food and soft drinksdecreased by more than one and a half points between Decrease in prices especially in legumes and vegetables in June. .
Moderation in rising prices is transferred to the shopping cart. It also allows you to lower the inter-annual rate. The general, who is further away from the 10.8% he reached in July of last year and also corresponds to core inflation reaching 7.6% in February, but at a slower pace in this case.
Increases in prices, especially in basic goods, families will spend almost 8% more Compared to the previous year, according to the National Institute of Statistics (INE) Family Budget Survey. This is the highest increase recorded in 15 years.
The rise in the general level of prices caused the European Central Bank (ECB) to move into the phase of raising interest rates, which rose from 0% to 4% in one year.