Inflation stalls at 3.2% for the third month in a row, in the midst of the impact of the war in Iran. The Consumer Price Index (CPI) closed May with a year-on-year rate of 3.2%, the same as in the previous two months, according to final data from the National Statistics Institute (INE).
It is the third consecutive month above 3%, in a context marked by energy price volatility stemming from the conflict in Iran. The figures confirm the flash estimate published by the INE at the end of May. Month on month, the CPI rose by 0.1%, three tenths of a point less than in April.
