Spain Inflation Rate at 2.8 Percent in February


The annual change of the CPI for the month of February stands at 2.8 percent, one tenth higher than that registered the previous month. The annual change of core inflation increases one tenth and stands at 2.3 percent. Monthly change of the overall index is 0.2 percent.

The groups that most contributed in this rate were: transport, with an annual change of 2.8 percent, six tenths higher than that registered in January, due mostly to the increase in Fuels and lubricants that was greater this month than in February 2012; health, with a change of 12.9 percent, eight tenths higher than that registered last month, due to the increase in prices of Medicaments and other pharmaceutical products. Leisure and culture rate increased two tenths reaching 1.3 percent due mostly to the increase in prices of package holidays.

Despite the increase in the annual change of CPI, worth noting the decrease on the rate of the group of food and non-alcoholic beverages, with an annual change of 2.8 percent, four tenths below that of last month. In this behaviour, it is worth noting the decrease in prices of fresh vegetables, as compared with the increase experienced in 2012. 
 
The annual change for core inflation (overall index excluding unprocessed food and energy products) increased one tenth, reaching 2.3 percent. The overall index maintained its difference with the rate of the general index standing at five tenths.
 

Ine | Nuno Fontes | nuno@tradingeconomics.com
3/13/2013 9:14:54 AM