Spain inflation highest since 2012

Date:

Share post:

Spain’s consumer price inflation accelerated to the highest since 2012, final data from the statistical office INE showed on Tuesday.

Consumer price inflation rose to 3.3 per cent in August, in line with flash estimate, from 2.9 per cent in July. The 3.3 per cent was the highest rate since October 2012, when inflation was 3.5 per cent.

EU harmonized inflation also increased to 3.3 per cent in August from 2.9 per cent a month ago. The rate matched the flash estimate released on August 30.

At the same time, core consumer prices that exclude non-processed food and energy products, grew only 0.7 per cent after gaining 0.6 per cent in July.

Month-on-month, consumer prices rose 0.5 per cent instead of 0.4 per cent estimated initially. Prices had dropped 0.8 per cent in July. The harmonized index of consumer prices moved up 0.4 per cent, following a 1.2 per cent decrease in July. The monthly rate came in line with preliminary estimate.

Related articles

FIFA president visits California stadium to host new Club World Cup

FIFA President Gianni Infantino highlighted the global significance and inclusive ethos of the new Club World Cup on...

Can States Deny Abortion Providers Medicaid Funds? High Court Takes Up Major Planned Parenthood Case

The U.S. Supreme Court has agreed to take a case that could decide whether states can withhold Medicaid...

Revisit plenary topics to ensure sustainable funding for HIV response -ICASA President

Dr David Pagwesese Parirenyatwa, President Society for AIDS in Africa (SAA), has urged the three committees of International...

A total of 107 foreign nationals arrested and deported over illegal mining activities 

The Ministry of the Interior has within the last three months arrested and deported about 107 foreign nationals...