Spain Inflation Rate Confirmed At A 3-Month Low Of 2.3%

Consumer prices in Spain increased 2.3 percent year-on-year in March of 2017, down from 3 percent in each of the previous two months and in line with preliminary estimates. It is the lowest rate in three months, due to a slowdown in cost of transport, housing and food, namely diesel, gasoline and electricity, final figures showed.

Year-on-year, inflation eased for transport (6.5 percent from 8.5 percent in February); housing (4.3 percent from 5.9 percent); food and non-alcoholic beverages (1.4 percent from 1.7 percent); hotels, cafés and restaurants (1.2 percent from 1.3 percent) and clothing and footwear (0.8 percent from 0.9 percent). In addition, prices of recreation and culture declined 0.3 percent, following a 1.3 percent gain in February. 

Annual core inflation, which strips out volatile food and energy prices, was 0.9 percent, below 1 percent a month earlier.

On a monthly basis, consumer prices were flat, following a 0.4 percent drop in February.

The EU-harmonised index rose 2.1 percent year-on-year, below 3 percent in February. The monthly rate went up to 1.1 percent from -0.3 percent in February.

Spain Inflation Rate Confirmed At A 3-Month Low Of 2.3%

INE | Joana Taborda |
4/12/2017 7:34:17 AM