The Spanish statistical office INE released its final consumer price inflation data for Spain on Friday. Consumer prices in Spain climbed by 0.5% in May, after a 0.3% rise in April.

On a yearly basis, Spanish consumer price inflation declined 0.2% in May, after a 0.6% drop in April. Consumer prices have been declining since July 2014.

Housing prices plunged at an annual rate of 2.4% in May, while transport prices dropped by 2.2 percent.

Food and non-alcoholic beverages prices climbed by 1.3%.