Spain Inflation Rate Lowest Since 2016
The annual inflation rate in Spain is expected to fall to 0.4 percent in June 2019 from 0.8 percent in the previous month and below market expectations of 0.5 percent, a preliminary estimate showed. It was the lowest inflation rate since September 2016, mainly due to a slowdown in cost of electricity and fuels.
6/27/2019 7:30:35 AM
On a monthly basis, consumer prices are set to fall 0.1 percent, after a 0.2 percent gain in June.
The EU-harmonised index is expected to increase 0.6 percent year-on-year, easing from a 0.9 percent rise in the prior month and below with market consensus of 0.8 percent. Compared to the previous month, the index is seeing declining 0.1 percent, after a 0.2 percent gain in May and against market forecasts of a flat reading.