Spanish November Inflation Rate Confirmed at 7-Month Low

Spain's annual inflation slowed to 1.7 percent in November 2018 from 2.3 percent in the previous month and in line with the preliminary estimate. This was the lowest rate since April.

A slowdown was seen in price changes of food & non-alcoholic beverages (1.4 percent vs 1.7 percent in October); transport (3.3 percent vs 5.7 percent); housing & utilities (2.8 percent vs 4 percent); and clothing & footwear (0.9 percent vs 1 percent). In addition, prices of recreation & culture dropped 0.5 percent (vs flat reading in October). On the other hand, inflation picked up for both restaurants & hotels (2.1 percent vs 1.9 percent) and miscellaneous goods and services (1.2 percent vs 1.1 percent).

Annual core inflation, which excludes volatile items such as food and energy, eased to 0.9 percent in November from 1 percent in October.

On a monthly basis, consumer prices fell 0.1 percent in November, after a 0.9 percent jump in October and also matching earlier estimates.

The harmonized index of consumer prices advanced 1.7 percent year-on-year (vs 2.3 percent in October), and dropped by 0.2 percent from the previous month (vs 0.7 percent in October).

Spanish November Inflation Rate Confirmed at 7-Month Low

INE | Joana Ferreira |
12/14/2018 8:25:21 AM