Spain Inflation Rate Confirmed at 1.6% in October
Consumer prices in Spain increased 1.6 percent year-on-year in September of 2017, easing from 1.8 percent in the previous month and in line with the preliminary estimate. Prices rose at a slower pace for transport and housing and utilities.
Year-on-year, consumer prices advanced slower for transport (2.2 percent from 3.4 percent), particularly fuel; housing & utilities (2.2 percent from 2.9 percent); recreation & culture (1.5 percent from 1.8 percent); clothing & footwear (0.5 percent from 0.6 percent); health (0.5 percent from 0.8 percent); hotels, cafes & restaurants (2.1 percent from 2.3 percent), and communications (0.6 percent from 0.7 percent).
Prices went up at a faster pace for both food & non-alcoholic beverages (2.3 percent from 1.2 percent in September) and alcoholic beverages & tobacco (1.8 percent from 1.7 percent).
Meantime, cost rose at the same pace for both miscellaneous goods & services (0.5 percent) and education (0.8 percent).
Annual core inflation, which strips out volatile food and energy prices, was 0.9 percent, compared to a 1.2 percenrt rise in September.
On a monthly basis, consumer prices went up 0.9 percent, accelerating from a 0.2 percent gain in the prior month.
The EU-harmonised index rose 1.7 percent compared to a year earlier in October, following a 1.8 percent increase in September and in line with preliminary estimate. Compared to the previous month, the index went up 0.6 percent, the same pace as in September and matching the preliminary estimate.
11/14/2017 8:58:56 AM