Spain Inflation Rate Confirmed at -0.2%

The annual inflation rate in Spain was recorded at -0.2 percent in September of 2014, matching preliminary estimates. Higher housing prices were not enough to offset a fall in food and transport cost.
Instituto Nacional de Estadística | Ricardo Martins | ricardo.martins@tradingeconomics.com
10/14/2014 11:16:52 AM
Year-on-year, downward pressures came from lower prices of transport (-1 percent) and food and non-alcoholic beverages (-0.8 percent). In contrast, upward pressures came from housing, water electricity and gas cost (up 2.2 percent), mainly electricity prices.

Annual core inflation rate which excludes food and energy dropped to -0.1 percent in September of 2014. Month-on-month, consumer prices increased 0.2 percent.

In September, the harmonized CPI decreased 0.3 percent year-on-year.

Spain Inflation Rate Confirmed at -0.2%