Spanish HICP Drops For Eighth Straight Month

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Spain's harmonized index of consumer prices declined for the eighth straight month in October, a flash estimate from the National Institute of Statistics showed Thursday.

The index slipped 0.6% year-on-year in October, slower than the 1% fall in the preceding month and the record 1.4% decline in July. Economists had expected the index to fall 0.7%.

In March, the HICP declined on an annual basis for the first time since the series began in January 1997. The index has maintained the declining trend afterwards. In September, the index dropped 0.2% from August.

The statistical office is scheduled to release the final HICP data on November 13.

Spain's harmonized index of consumer prices declined for the eighth straight month in October, a flash estimate from the National Institute of Statistics showed Thursday. (Market News Provided by RTTNews)