Spain Inflation Down to Nearly 5-Year Low

Spanish consumer prices are expected to fall by an annual 0.5 percent in August, marking the second consecutive month of negative inflation rate. It is the sharpest drop in consumer prices since October of 2009.
Joana Taborda | joana.taborda@tradingeconomics.com
8/28/2014 9:49:27 AM
Provisional estimates showed lower fuel and lubricant cost drove the fall in consumer prices in August. In July, the inflation rate was recorded at -0.3 percent. 

On a monthly basis, the inflation rate slowed to 0.1 percent in August from 0.3 percent in the previous month.

The EU-harmonized consumer prices are expected to fall 0.5 percent year-on-year in August and rise 1.0 percent month-over-month.

Spain Inflation Down to Nearly 5-Year Low