Spain June Inflation Rate at 14-Month High


Spain's annual inflation rate is expected to rise to 2.3 percent in June 2018 from 2.1 percent in the prior month, slightly above market expectations of 2.2 percent. It stood at its highest level since April 2017, mainly due to to rising cost of fuels, namely diesel and gasoline, compared to the drop seen in 2017, the preliminary figures showed.

On a monthly basis, consumer prices are expected to went up 0.3 percent, easing from a 0.9 percent increase in the previous month.

The EU-harmonised index edged up 2.3 percent year-on-year, following a 2.1 percent rise in May, in line with market expectations, the preliminary figures showed. Compared to the previous month, the index is expected to increase 0.2 percent, slowing from a 0.9 percent gain in May.

Spain June Inflation Rate at 14-Month High


INE | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
6/28/2018 7:37:27 AM