Spanish Consumer Prices Rise For First Time In Nine Months

Sponsored Links

Consumer prices in Spain increased 0.3% year-on-year in November after falling for eight consecutive months, the Madrid based National Statistics Institute reported on Tuesday. Economists had expected a 0.4% increase, following the 0.7% decrease in the previous month. Core consumer prices, which exclude food and energy items, were up 0.2%.

Region-wise, consumer prices recorded the biggest rise in Ceuta. Significant price rises were also witnessed in Melilla, Catalonia, Cantabria, Basque Country, Madrid and the Balearic Islands. The largest decline in prices was seen at the Canary Islands.

On a monthly basis, consumer prices climbed 0.5% in November, adding to the 0.7% increase in the previous month. Economists had forecast a 0.6% rise.

Further, the harmonized index of consumer prices increased by 0.4% on a yearly basis and by 0.5% on a monthly basis in November.

Consumer prices in Spain increased 0.3% year-on-year in November after falling for eight consecutive months, the Madrid based National Statistics Institute reported on Tuesday. Economists had expected a 0.4% increase, following the 0.7% decrease in the previous month. Core consumer prices, which exclude food and energy items, were up 0.2%. (Market News Provided by RTTNews)