The Spanish statistical office INE released its preliminary consumer price inflation data on Monday. Consumer price inflation in Spain was up 0.6% in May, after a 0.7% rise in April.
On a yearly basis, consumer prices fell by 1.0% in May, after a 1.1% decrease in April.
The improvement in annual inflation was mainly driven by an increase in electricity prices and a slower fall in the prices of package holidays.
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