Spain March Inflation Rate Confirmed at 1.2%

Spain's consumer price inflation was confirmed at 1.2 percent year-on-year in March 2018, slightly above the previous month's figure of 1.1 percent. Prices rose at a faster pace for food & non-alcoholic beverages, transport and restaurants & hotels, while housing inflation eased.

Year-on-year, prices rose at a faster pace for: food & non-alcoholic beverages (1.4 percent vs 0.9 percent in February); transport (1.4 percent vs 1.1 percent); restaurants & hotels (2.2 percent vs 2.1 percent); recreation & culture (1 percent vs 0.6 percent); and clothing & footwear (0.7 percent vs 0.6 percent). Meanwhile, inflation slowed for housing & utilities (1 percent vs 1.4 percent); and miscellaneous goods & services (0.7 percent vs 0.8 percent).

Annual core inflation, which excludes volatile items such as food and energy, rose to 1.2 percent in March from 1.1 percent in the previous month. It was the highest core inflation since last September.

On a monthly basis, consumer prices edged up 0.1 percent, the same pace as in February. Prices rose mostly for clothing & footwear (4.3 percent); restaurants & hotels (0.6 percent) and recreation & culture (0.4 percent).

The harmonised index of consumer prices advanced 1.3 percent from the previous year and 1.2 percent month-over-month.

Spain March Inflation Rate Confirmed at 1.2%

INE | Joana Ferreira |
4/13/2018 7:30:51 AM