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CPI in Negative Territory in July Due to Tourism and Hospitality

The Consumer Price Index (CPI) fell to -0.6% in July, dragged down by the drop in tourism and hotel prices. The index has been in negative territory for four months.

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The Consumer Price Index (CPI) fell by 0.9% in July compared to the previous month, and dropped by three-tenths y-o-y to -0.6%, according to data published this Thursday by the National Statistics Institute (INE), which coincided with the projections made at the end of last month.

The interannual CPI once again fell after a rebound of 0.6% in June, ending a four-month decline. Inflation has now been negative for four months.

Read the full article in Spanish

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