Spanish Inflation Rate Drops to 1.7% in November


The annual inflation rate in Spain is expected to decline to 1.7 percent in November of 2018, easing from a 2.3 percent rise in the previous month and below market expectations of a 2 percent gain, the preliminary estimates showed. It was the lowest inflation since April, due to lower prices of eletricity and gas.

On a monthly basis, consumer prices are set to drop 0.1 percent, from a 0.9 percent gain in September and well below market expectations of a 0.4 percent increase.

The EU-harmonised index should increase 1.7 percent year-on-year in November, easing from a 2.3 percent rise in the previous month and slightly below market expectations of a 2.0 percent gain. Compared to the previous month, the index is expected to decrease 0.2 percent, following a 0.7 percent rise in September and against market consensus of a 0.3 percent gain.

Spanish Inflation Rate Drops to 1.7% in November


INE | Gabriela Costa | gabriela.costa@tradingeconomics.com
11/29/2018 8:30:33 AM