Spain Inflation Rate Confirmed at -0.3% in January

Consumer prices in Spain fell 0.3 percent year-on-year in January of 2016, after being flat in the previous month, final estimates showed. Housing prices decreased at a faster pace while cost of food edged up. On a monthly basis, prices went down by 1.9 percent.

The downward pressure came from: housing prices (-6 percent from -2.3 percent in December) and transport (-1.9 percent from -2.8 percent) and recreation and culture (-0.2 percent).

In contrast, prices of food and non-alcoholic beverages recorded the highest increase (2.1 percent from 1.8 percent in December), followed by other goods and services (1.5 percent), hotels, cafes and restaurants (1.3 percent), communication (1.2 percent), alcoholic drinks and tobacco (0.9 percent), and clothing and footwear (0.4 percent). 

On a monthly basis, consumer prices went down 1.9 percent from 0.3 percent drop in December, dragged down by 15.3 percent fall in clothing and footwear prices and 1.8 percent decrease in transport. 

The harmonized index declined 0.4 percent on an annual basis and 2.5 percent from the previous month, also in line with preliminary estimates.

Spain Inflation Rate Confirmed at -0.3% in January

INE | Yekaterina Guchshina |
2/12/2016 8:20:04 AM