Spain Inflation Rate Down To 3-Month Low Of 2.3%


Consumer prices in Spain are expected to increase 2.3 percent year-on-year in March of 2017, down from 3 percent in each of the previous two months, due to lower cost of diesel, gasoline and electricity. It is the lowest rate in three months, preliminary estimates showed.

On a monthly basis, consumer prices were flat, following a 0.4 percent fall in February.

The EU-harmonised index rose 2.1 percent year-on-year, below 3 percent in February and lower than market expectations of 2.7 percent. The monthly rate went up to 1.1 percent from -0.3 percent in February, mainly boosted by prices of clothing and footwear.

Spain Inflation Rate Down To 3-Month Low Of 2.3%


INE | Joana Taborda | joana.taborda@tradingeconomics.com
3/30/2017 7:21:37 AM