Spain Inflation Rate Confirmed at -0.3%

Consumer prices in Spain declined 0.3 percent year-on-year in November of 2015, in line with preliminary estimates and lower than a 0.7 percent drop in October. On a monthly basis, consumer prices rose 0.4 percent, slightly above initial estimates of 0.3 percent.

Year-on-year, transport prices fell at a slower 4.7 percent (-5.7 percent in October), as cost of fuel and lubricants decreased less; housing cost declined 2.6 percent, due to higher electricity prices. In contrast, food and non-alcoholic beverages increased 1.7 percent (1.9 percent in October) and recreation and culture rose 0.7 percent.

On a monthly basis, consumer prices rose 0.4 percent, following a 0.6 percent drop in October. The biggest upward impact came from clothing and footwear (+ 5.1 percent), boosted by higher prices for the new winter season, and housing (+0.6 percent). Meantime, prices of food and non-alcoholic beverages went down 0.2 percent, mainly due to lower cost of fresh vegetables. Also, transport, health and communications prices were flat.

The harmonized index fell 0.4 percent year-on-year and grew 0.2 percent on a monthly basis in October, matching preliminary estimates. 

Spain Inflation Rate Confirmed at -0.3%

INE | Yekaterina Guchshina |
12/15/2015 8:34:10 AM