Spain Inflation Rate at 0.1%

Consumer prices in Spain increased by an annual 0.1 percent in July, from 0.0 percent initially estimated, and remained unchanged from June.

Prices of food and nonalcoholic beverages went up 1.4 percent (1.8 percent in June), due to increase in oil costs, while prices of fruits and vegetables went down. Prices of housing and utilities decreased at a 0.1 percent as electricity cost increased. In contrast, transport prices fell at a faster 3.5 percent, driven by fuels and lubricants.

On a monthly basis, consumer prices went down 0.9 percent, increased from -1.0 percent drop earlier estimated, but slowing from a 0.3 percent increase in June. Cost of clothing and footwear accounted the most for the drop (-12.9 percent), followed by transport (-0.5 percent), food and nonalcoholic beverages (-0.4 percent). While recreation and culture prices went up 1.9 percent and hotels, cafes and restaurants 0.6 percent. 

The harmonised index was flat on the year but decreased 1.5 percent from the previous month.

Spain Inflation Rate at 0.1%

8/13/2015 8:46:58 AM