The rising cost of energy continues to push the the Consumer Price Index (CPI), but the figure is below the peak of 9.8% reached in March. That month also saw record-high figures for inflation in Catalonia, at 9.5%.
This month’s increase is slightly higher than the 8.3% recorded in April, when the growth in inflation slowed down.
Food and non-alcohol beverages prices are also on the rise.
The INE indicates there has been a price drop in electricity prices. This could be mainly driven by an agreement between the Spanish, and Portuguese governments and the European Commission.
On the other hand, the annual rate of change in underlying inflation, which does not consider unprocessed foods or energy products, rises from 4.4% to 4.9%, which is the highest level since October 1995.