The Consumer Price Index (CPI) trimmed its interannual rate in May, to 2%, thus registering its lowest value since last October, when it stood at 1.8%, according to the final data published this Friday by the National Institute of Statistics (INE). , which expected a major decrease in May, of three tenths, to an year -on -year rate of 1.9%. In any case, with the moderation of the interannual CPI in the fifth month of the year, inflation chains three months of descents in its interannual rate.
The agency has explained that the moderation of the CPI up to 2% is due to the lowering of the tour packets and the fact that electricity rose in May less than in the same month of 2024. In fact, the Ministry of Economy, Commerce and Company has stood out in a statement that in the decrease in prices recorded in May they have had special importance “the favorable evolution of services related to tourism, passenger air transportation of electricity ”.
Specifically, according to the INE, the leisure and culture group cut 2.2 points its interannual rate in May, to 0.5%, for the lowering of tourist packages, while the housing group reduced its interannual rate, up to 3.8%, for the evolution of electricity prices. On the other hand, the Food and Non -Alcoholic Beverages raised its interannual rate in May five tenths, to 2.5%, due to the rise in fruit prices.
The underlying inflation (without unprocessed foods or energy products) decreased two tenths in May, to 2.2%, although a greater reduction, of three tenths, was expected to 2.1%.
The underlying is thus located two tenths above the general index of May. With the descent of the rate in May, the underlying inflation returns to the path of moderation after in April an rebound of four tenths experienced.
For its part, the Harmonized IPC (IPCA) recalled its interannual rate of May, to 2%, while remained unchanged in monthly values.
Monthly increase of 0.1% for clothes and fruits
In monthly terms (May on April), the CPI increased by 0.1%, although the data advanced by statistics at the end of last month pointed to pricing.
With the rebound of May, inflation accumulates eight consecutive months of monthly promotions.
The monthly IPC advance is due to the price increase by 2.5% in the clothing and footwear group for the spring-summer season, and the 0.5% increase in the food group due to the increase in fruits.
On the other hand, in May the monthly rate of the leisure and culture group decreased by 1.9% due to the drop in the prices of tourist packages and that of the transport group by 1% due to the lowering of fuels and lubricants for personal vehicles and passenger air transport.
