The region where prices went up most in May was Navarre (0.5 per cent) and the lowest increases (0.1 per cent) were in Castilla-Leon, Extremadura, Madrid, Murcia and the Basque Country. The powerful UGT trade union said the figures for May reflected a moderation in inflation, but it was still insufficient and there were still major problems to be tackled. A spokesman said that workers whose agreements did not have a revision clause were losing purchasing power.
Mepimed, the committee of small and medium-sized businesses of the Mediterrranean, drew attention to the negative effects an increase in costs would mean for the tourist sector, particularly as results for this summer are not expected to be good. A spokesman for the committee, which covers the Balearics, Catalonia and Valencia, warned that the drought could be a risk factor for the stability of food prices. This would have an effect on consumer prices in the middle of the year, and in the costs of the tourist sector during the high season.
He added that the negative effects would be particularly felt by small firms in areas dominated by the major tour operators.
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