Spain Inflation Rate Eases to 2.2% YoY in July


The annual inflation rate in Spain fell to 2.2 percent in July of 2018 from 2.3 percent in June and below market expectations of 2.3 percent, the preliminary estimate showed. A slowdown was mainly due to lower prices of food and non-alcoholic beverages.

On a monthly basis, consumer prices are expected to decrase 0.7 percent, after a 0.3 percent gain in the previous month. 

The EU-harmonised index rose 2.3 percent year-on-year, unchanged from the prior month and slightly below market consensus of 2.4 percent, the preliminary figures showed. Compared to the previous month, the index is expected to drop 1.2 percent, following a 0.2 percent increase in June. 

Spain Inflation Rate Eases to 2.2% YoY in July


INE | Stefanie Moya | stefanie.moya@tradingeconomics.com
7/30/2018 7:19:02 AM