Spanish CPI Drops 0.1% in October

Spain’s consumer prices remained in the negative territory in October of 2014 for the fourth consecutive month. Cost of goods and services decreased 0.1 percent compared with 0.2 percent drop in September, according to final estimate from National Institute of Statistics.

In October, downward pressure came from communications (-5.7 percent), leisure and culture (- 1.9 percent) and transport (-1.1 percent).  In contrast, the biggest price increases were reported for housing, water, electricity (+ 1.3 percent in October from 2.2 percent in September) and education (1.2 percent). Additional upward pressure came from hotels and restaurants (0.6 percent), alcoholic drinks and tobacco (0.6 percent) and clothing and footwear (0.3 percent).

On a monthly basis, consumer prices rose 0.5 percent, accelerating from a 0.2 percent increase in the previous month. Prices of clothing and footwear (+ 11 percent) registered the biggest rise while communication and transport cost posted the largest drop (-1.5 percent and -1.3 percent, respectively).

In October, the harmonized CPI decreased 0.2 percent year-on-year and went up 0.1 percent over September.

Spanish CPI Drops 0.1% in October

Instituto Nacional de Estadística | Carolina Cunha |
11/13/2014 10:20:27 PM