Spain Inflation Rate Confirmed at -0.7%

Consumer prices in Spain fell 0.7 percent year-on-year in October of 2015, in line with preliminary estimates and lower than a 0.9 percent drop in September. On a monthly basis, consumer prices rose 0.6 percent, slightly below initial estimates of 0.7 percent.

Year-on-year, transport prices fell at a slower 5.7 percent (-6.4 percent in September) as cost of fuel and lubricants decreased less. The biggest upward pressure came from communication cost (up 0.5 percent), due to higher prices for telephone services. 

On a monthly basis, consumer prices rose 0.6 percent, rebounding from a 0.3 percent drop in September. The biggest upward impact came from clothing and footwear (up 11.1 percent), boosted by higher prices for the new winter season. Cost of food and non-alcoholic beverages went up 0.6 percent, mainly due to fresh fruit and vegetables. In contrast, negative contributions came from transport prices (-0.6 percent), recreation and culture (-0.9 percent), housing (-0.4 percent), mainly electricity and gas and hotels, cafes and restaurants (-0.3 percent).

The harmonized index fell 0.9 percent year-on-year and grew 0.3 percent on a monthly basis in October, matching preliminary estimates. 

Spain Inflation Rate Confirmed at -0.7%

Joana Taborda |
11/13/2015 8:44:56 AM