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Spain Consumer Prices Edge Down

Spain Consumer Prices Edge DownSpain Consumer Prices Edge Down

Spain’s consumer price inflation slowed more than expected in December, according to flash data from the statistical office INE, RTTNews reported. Inflation eased to 1.2% in December from 1.7% in November. This was the lowest rate since November 2016. Inflation was forecast to slow moderately to 1.5%. Month-on-month, consumer prices edged up 0.1% compared to a 0.6% rise seen in the same period of 2016. Monthly inflation came in line with expectations. Inflation, based on the harmonized index of consumer prices, came in at 1.3% versus 1.8% in November. The pace of growth slowed more than the 1.4% economists had forecast. On a monthly basis, the HICP edged up 0.1%, slightly slower than the expected 0.2%.

 

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