Spain Inflation Rate Confirmed At 1.5% In June


Consumer prices in Spain increased by 1.5 percent year-on-year in June 2017, following 1.9 percent gain in May and in line with preliminary estimates. It was the lowest inflation rate since November last year, as prices rose at a slower pace for transport, food, and housing. On a monthly basis, consumer prices were flat.

Year-on-year, consumer prices advanced slower for transport (1.8 percent vs 3.4 percent), food and non-alcoholic beverages (0.8 percent from 1.1 percent) and housing (3.6 percent from 5.4 percent). In contrast, inflation accelerated for recreation and culture (1.4 percent vs 1.2 percent) and hotels, cafes and restaurants (2.2 percent vs 1.8 percent).

Annual core inflation, which strips out volatile food and energy prices, was 1.2 percent, higher than 1 percent a month earlier.

On a monthly basis, consumer prices were flat.

The EU-harmonised index rose 1.6 percent year-on-year, lower than 2 percent in May. The monthly rate edged up 0.1 percent compared to flat reading in May.

INE | Yekaterina Guchshina | yekaterina@tradingeconomics.com
7/13/2017 9:15:00 AM