IPC records a drop of 0.1%

The Consumer Price Index (IPC) for May recorded a drop of 0.1%, its first decline since December 2018. With this figure, inflation has increased by 1.3% so far in 2020 and has risen by 2.8% in 12 months. Despite the negative final balance, there was a number of products of fundamental necessity that registered increases during May, driven by the increase in demand due to the pandemic. In fact, according to the INE report, 6 of the 12 divisions that make up the CPI basket contributed negative effects on the monthly variation of the index while the rest presented positive effects.

Source: EMOL