US EditionSpain: Advanced Inflation of May Is Moderated to 1.9% Annually Compared to 2.1% Expected - World Stock Market
- The National Statistics Institute published Spain's advanced May CPI showing a year-on-year moderation to 1.9%.
- This decrease follows April's 2.2% rate and came in below the market's 2.1% expectation, signaling lower inflation pressure.
- Monthly CPI stagnated at 0% due mainly to falling leisure and culture prices, alongside a greater transport cost decrease than last year.
- The EUR/USD dropped 0.15% to a daily low of 1.1330, reflecting market reactions to Spain's softer inflation data.
- This inflation easing, the lowest since last October, indicates reduced price pressures but also led to a weaker euro amid market expectations.
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Inflation Moderates Three Tenths in May to 1.9 per Cent and Reaches Its Lowest Value Since October
The Consumer Price Index (CPI) cut its annual annual rate by three tenths in May, to 1.9 per cent, thus recording its lowest value since last October, when it stood at 1.8 per cent, according to the data advanced this Friday by the National Statistics Institute (INE).With the moderation of the year-on-year CPI in the fifth month of the year, inflation chains three months of declines in its annual rate.The agency has explained that the moderation…
·Madrid, Spain
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