The Inflation rose a tenth to 3.3% in AprilMainly due to Rising gas and food prices, According to preliminary CPI data released by the National Institute of Statistics (INE) on Monday.
If confirmed on May 14, core inflation, i.e., the once more volatile components The shopping basket (unprocessed foods and energy products) will be reduced by four tenths to 2.9%It placed itself below the general index for the first time in nearly two years.
The general index's rise of about one-tenth was driven by rising gas prices, which had fallen a year ago, higher food prices and, to a lesser extent, lower electricity costs.
The Core inflation It has fallen for nine consecutive months since July 2023, when the rate stood at 6.2%, while headline inflation shows no clear trendIt looks set to sustain growth of around 3%.
The one-tenth increase in the general index was driven by rising gas prices that fell a year ago, higher food prices and, to a lesser extent, lower electricity costs.
In the opposite direction, the Low prices for leisure and cultureIt peaked in April 2023.
The Economy Ministry pointed out that the inflation data reflected the ability of the Spanish economy, consistent with the highest economic growth among the main countries in the euro zone, to maintain support for prices and the most vulnerable.
“The gradual moderation of inflation is improving the purchasing power of households and the competitiveness of Spanish companies,” they added from the department led by Carlos Badi.
On a monthly basis, consumer prices rose 0.7% in April, below March's increase of 0.8%, marking the biggest increase since February last year.
In terms of harmonized data for comparison with Europe, the annual variation rate of the HICP was 3.4%, a tenth higher than that recorded in the previous month, while the monthly variation was 0.6%.
