Inflation in Spain decreased for the third consecutive month in May.
The National Statistics Institute (INE) attributed this trend primarily to a decline in the prices of holiday packages.
Additionally, electricity prices contributed to this moderation, rising less than they did in the same month of 2024.
The core inflation rate, which excludes energy and fresh food prices typically considered the most volatile, stood at 2.2% in May, two-tenths lower than in April.
Month-on-month, prices increased by 0.1% compared to April.
By the end of September 2024, Spain ended the zero VAT on some food items and restored all normal tax rates on consumption by the end of last year, concluding nearly three years of extraordinary measures to control inflation.
The Spanish government introduced measures to address rising prices after experiencing some of the highest inflation rates in the European Union (EU) in the first half of 2022, with a record high inflation rate of 10.77% in July of that year, the highest since 1984.
