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Spain May final CPI 8.7% y/y vs 8.3% in April

Reuters
·1-min read
A pensioner hangs his clothes on the terrace of his house in Barcelona

(Reuters) - Spanish national consumer prices rose 8.7% year-on-year in May, according to data released by the National Statistics Institute on Friday, compared to 8.3% in April, and a Reuters poll forecast of 8.7%.

Core inflation, which strips out volatile food and energy prices, was at 4.9% year-on-year, up from 4.4% a month earlier, the National Statistics Institute data showed.

Spanish European Union-harmonised prices rose 8.5% from a year earlier, up from 8.3% in April, and in line with the Reuters forecast of 8.5%.

A preliminary estimate released by the INE late last month showed the 12-month inflation through May was 8.7%.

(Reporting by Marta Serafinko; editing by Inti Landauro)