Spain Inflation Rate Confirmed at -0.9%

Consumer prices in Spain decreased for the second consecutive month by an annual 0.9 percent in September, matching preliminary estimates and following a 0.4 percent drop in August. It was the lowest value since February, mostly due to falling electricity and fuel prices.

Cost of housing and utilities went down by 4.4 percent and transport prices decreased by 6.4 percent driven by fuels and lubricants. In contrast, cost of food and non-alcoholic beverages and restaurants, cafes and hotels increased by 1.8 percent and 0.9 percent respectively.  

On a monthly basis, consumer prices went down 0.3 percent, in line with earlier estimates and unchanged from a 0.3 percent drop in August. Cost of transport accounted the most for the decrease (-1.3 percent), followed by recreation and culture (-2.4 percent) and housing and utilities (-1.2 percent) while clothes and footwear went up by 5 percent and food and nonalcoholic beverages by 0.1 percent.

The harmonised index fell 1.1 percent on the year but rose 0.4 percent from the previous month.

Spain Inflation Rate Confirmed at -0.9%

Yekaterina |
10/14/2015 12:42:07 PM