The CPI stood at 2.7% in June, its highest rate in four years, due to the rise in electricity and food prices




The Consumer Price Index (CPI) rose 0.5% in June compared to the previous month and placed its interannual rate at 2.7%, the same as in May and one tenth above the advance at the end of the last month, according to data published this Wednesday by the National Institute of Statistics (INE).

With this rebound, with which the annual CPI chains its sixth consecutive positive rate, inflation continues at levels unknown for four years. In fact, this 2.7% rate is the highest since February 2017, when it stood at 3%.

The price evolution in June has been mainly contributed by the rise in prices of electricity and food and the fact that tourist packages and gasoline have risen less this month than they did in 2020.

In monthly rate (June over May), the CPI rose 0.5%, the same as in May, with which it already has four consecutive positive rates.

For its part, core inflation (excluding non-processed food and energy products) placed its interannual rate in June at 0.2%, the same as in May and 2.5 points below the general index.

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