Spain Inflation Rate Rises To 2.6% In April


Consumer prices in Spain are expected to went up 2.6 percent year-on-year in April of 2017, higher than 2.3 percent in March and above market expectations of 2.5 percent. The rise was mainly due to higher prices of tourist services during the Easter week while electricity cost was stable compared to a fall a year ago.

On a monthly basis, consumer prices are expected to rise 1 percent, following a flat reading in March.

The EU-harmonised index rose 2.6 percent year-on-year, above 2.1 percent in March and above market expectations of 2.3 percent. The monthly rate went up to 0.9 percent from 1.1 percent in March.

INE | Joana Taborda | joana.taborda@tradingeconomics.com
4/27/2017 7:21:27 AM