Spain's May inflation rate rose to 3.6%, driven by housing and transportation costs, according to INE.
Spain's inflation rate rose to 3.6% in May, driven by housing and transportation costs, according to final data from the statistical office INE. This marks a 0.3 percentage point increase from the previous month's rate of 3.3%. The harmonized index of consumer prices accelerated to 3.8% in May from 3.4% in April. The data highlights ongoing inflationary pressures within the Spanish economy, with potential implications for policymakers and economic stability.
June 13, 2024
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