Spain November Inflation Rate Revised Up to 1.7%

Consumer prices in Spain increased 1.7 percent year-on-year in November of 2017, compared to a 1.6 percent rise in the prior month and slightly above the preliminary estimate of 1.6 percent. Prices advanced quicker mainly for transport, namely due to fuels cost.

Year-on-year, consumer prices advanced faster for transport (3.5 percent from 2.2 percent in October), boosted by fuels (7.1 percent from 4.2 percent) and housing (2.5 percent from 2.2 percent). Meanwhile, cost slowed for food and non-alcoholic beverages (2.2 percent from 2.3 percent); hotels, cafes and restaurants (1.8 percent from 2.1 percent); recreation and culture (1.2 percent from 1.5 percent) and clothing and footwear (0.4 percent from 0.5 percent).

Annual core inflation, which strips out volatile food and energy prices, eased to 0.8 percent from 0.9 percent in October.

On a monthly basis, consumer prices went up 0.5 percent, easing from a 0.9 percent rise in the prior month.

The EU-harmonised index rose 1.8 percent compared to a year earlier in November, above 1.7 percent in the previous month and slightly higher than a preliminary estimate of 1.7 perent. Compared to the previous month, the index went up 0.3 percent after an increase of 0.6 percent in October.

Spain November Inflation Rate Revised Up to 1.7%

INE | Luisa Carvalho |
12/14/2017 10:26:26 AM