In the file photo, the Combustibles Baratos gas station, located in the industrial zone of Landrove, in Viveiro Author: PEPA LOSADA
The decrease in the CPI is a consequence of lower fuel prices and lower price increases for food and non-alcoholic beverages.
The National Institute of Statistics confirmed on Tuesday that consumer price index (CPI) in May, it was 3.2% on an annual level, nine tenths lower than the rate recorded in April, due to lower fuel prices and lower price increases for food and non-alcoholic beverages.
Of the nine-tenths reduction in the general rate inflationsix tenths is the result of a drop of 3.7% in the transport group due to fuel reduction, while another two tenths is caused by the food group, whose growth is moderate at 12% on an annual level, almost one point less than the previous month.
Food inflation has returned to the level of a year ago thanks to the decline in the prices of milk, cheese and eggs, as well as the lower price of fish and shellfish and the stability of bread and cereals.
Source: La Vozde Galicia
I am Jason Root, author with 24 Instant News. I specialize in the Economy section, and have been writing for this sector for the past three years. My work focuses on the latest economic developments around the world and how these developments impact businesses and people’s lives. I also write about current trends in economics, business strategies and investments.
