World Economy

Spanish CPI Falls Sharply

Spanish CPI Falls SharplySpanish CPI Falls Sharply

Spanish consumer prices extended their fall in February on waning fuel and food costs, marking their biggest drop in several months as expectations rise for further monetary policy easing by the European Central Bank, Reuters reported. Prices harmonized to compare with other European Union countries fell at the sharpest pace since October, with a 0.9% drop year on year, according to a preliminary estimate from the National Statistics Institute. That followed a 0.4% fall in January. Spain’s national, unharmonized consumer prices, meanwhile, were down 0.8% from a year ago in February—the biggest drop since last September—after a 0.3% decrease a month earlier.