Published on Friday, June 13, 2014 | Updated on Friday, June 13, 2014

May CPI: anticipated slow down

Summary

The decline in inflation was due to the absorption of base effects, following the change in calendar of Easter and, to a lesser extent, the fall in prices of unprocessed food and non-energy industrial goods. We maintain our scenario baseline scenario with low inflation and competitiveness gains for the Spanish economy

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BBVA Research BBVA Research

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IPC_may14_maq

Spanish - June 13, 2014

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