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Consumer Price Index (CPI). May 2024

The annual variation rate of the May CPI stood at 3.6%, three tenths above that recorded in April. The annual rate of core inflation increased by one tenth, to 3.0%. The monthly variation in the general rate was 0.3%.

Consumer Price Index. Base 2021 - May 2024
Indicator Note Monthly change Annual change
Overall index 0.3 3.6
Underlying inflation 1 0.3 3.0
  • Corresponds to the General heading without unprocessed food and energy products in the table of Special Groups.

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Did you know...?

The Consumer Price Index (CPI) is a statistical measure of the evolution of the prices of goods and services consumed by the population that reside in family dwellings in Spain.

The combination of goods and services that conform the shopping basket is basically obtained from the consumption of families, and the importance of each one of these within the calculation of the CPI is determined by said consumption.

As of January 2002 the CPI methodology was completely renewed. The methodological changes introduced in this System has made the CPI indicator more dynamic, adapting better to the evolution of the market, given that it is possible to update the weightings more frequently. Furthermore, it is possible to include new products in the shopping basket when consumption becomes significant.

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