Sports inflation remains stable in May. In the fifth month of 2023 The consumer price index (CPI) for leisure, sports and cultural services remained at 2% in the same way as in April, according to data published this Tuesday by the National Statistics Institute (INE).
This was the case for the second month in a row The index is ending the slight weakening it made in April, after falling to 2% from 2.3% in March. Despite the slowdown in sports price growth, the index recorded positive rates for three years and 11 months and above 2% for six months.
Specific, Prices for leisure and sporting events were the driving factor for inflation in the sector, increasing by 9.9%., up 1.1 points from April but below January’s 12.7%, a record so far this year. Participation in leisure and sports services, however, was 2.9%, a tenth more than in the previous month.
In the overall economy The CPI showed no fluctuations in May compared to the previous month However, cut its annual rate by nine-tenths to 3.2%, its lowest level since July 2021, due to cheaper fuel and food prices, which moderated the price increase by nine-tenths to 12%.
On his part Core inflation (which excludes unprocessed food and energy products) also continued to moderate to 6.1%.. In the last month it has weakened by five tenths, marking its lowest level since November. However, it still remains at high levels, suggesting that inflation remains widespread in the goods and services purchased by households.
The Consumer Price Index (CPI) is a short-term indicator that measures the development of the prices of consumer goods and services. purchased by households residing in Spain. The survey is conducted monthly and is based on observation of 462 articles.
