Spain April Inflation Rate Confirmed at 1.1%

Spain's consumer price inflation was confirmed at 1.1 percent year-on-year in April 2018, slightly below the previous month's figure of 1.2 percent.

Year-on-year, prices rose at a slower pace for both housing & utilities (0.8 percent vs 1 percent in March), and restaurants & hotels (1.6 percent vs 2.2 percent). In addition, cost of recreation & culture fell 1.4 percent, following an increase of 1 percent in the previous month. On the other hand, inflation picked up for: food & non-alcoholic beverages (1.6 percent vs 1.4 percent); transport (2 percent vs 1.4 percent); miscellaneous goods & services (0.8 percent vs 0.7 percent); and clothing & footwear (0.8 percent vs 0.7 percent).

Annual core inflation, which excludes volatile items such as food and energy, dropped to 0.8 percent in April from 1.2 percent in the previous month.

On a monthly basis, consumer prices jumped 0.8 percent in April, after a 0.1 percent gain in March. Prices rose mostly for clothing & footwear (10.3 percent), transport (1.1 percent), communications (1.2 percent), restaurants & hotels (0.3 percent), and food & non-alcoholic beverages (0.1 percent).

The harmonised index of consumer prices advanced 1.1 percent from the previous year and 0.8 percent month-over-month.

Spain April Inflation Rate Confirmed at 1.1%

INE | Joana Ferreira |
5/11/2018 7:17:10 AM