Spain Inflation Rate Picks Up to 1.6% in August


Consumer prices in Spain are expected to increase 1.6 percent year-on-year in August 2017, following a 1.5 percent rise in the previous month and below market expectations of 1.7 percent. It is the highest inflation rate in three months, mainly due to a surge in fuel prices, namely diesel and gasoline.

On a monthly basis, consumer prices are expected to went up 0.2 percent, compared to a 0.7 percent decrease in the preceding month.

The EU-harmonised index is expected to rise 2 percent year-on-year in August,  higher than 1.7 percent in July and beating expectations of a 1.8 percent gain. Compared to the previous month, the index is expected to advance 0.2 percent.

INE | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
8/30/2017 7:18:42 AM