Spain July Inflation Rate Confirmed at 0.5%

Spain's consumer price inflation was confirmed at 0.5 percent year-on-year in July 2019, little-changed from the previous month's three-year low of 0.4 percent.
INE | Joana Ferreira | 8/13/2019 8:15:29 AM
Transport prices rose 0.5 percent in July, after being unchanged in June; and food & non-alcoholic beverage costs increased 0.9 percent, compared to 0.5 percent in the previous month. Meanwhile, inflation was unchanged for clothing & footwear (at 0.9 percent) and slowed for restaurants & hotels (2.0 percent vs 2.2 percent) and miscellaneous goods & services (1.3 percent vs 1.5 percent).

Prices fell for housing & utilities (-1.7 percent vs -1.5 percent) and recreation & culture (-0.3 percent vs -0.4 percent).

Annual core inflation, which excludes volatile items such as unprocessed food and energy, was unchanged at 0.9 percent in July.

On a monthly basis, consumer prices dropped 0.6 percent (vs -0.1 percent in June), led by declines in prices for clothing & footwear (-12.6 percent), food & non-alcoholic beverages (-0.3 percent), furnishings, household equipment and routine maintenance of the house (-0.8 percent), and miscellaneous goods and services (-0.4 percent).

The EU-harmonised index increased 0.6 percent year-on-year (vs 0.6 percent in June), but fell 1.1 percent from the previous month (vs -0.1 percent in June).

Spain July Inflation Rate Confirmed at 0.5%