Spain CPI Inflation Slows For Third Month In January

MADRID (Alliance News) - Spain's consumer price inflation eased for the third consecutive month ...

Alliance News 31 January, 2019 | 11:32AM
Email Form

MADRID (Alliance News) - Spain's consumer price inflation eased for the third consecutive month in January to its lowest level in twelve months, led by a fall in the prices of gas and fuels, preliminary data from the statistical office INE showed on Thursday.

The consumer price index rose 1.0% year-on-year following a 1.2% increase in December. Economists had forecast a score of 1.2%.

The latest inflation rate was the slowest since January 2018, when it was 0.6%.

The statistical office attributed the latest slowing in inflation to a decrease in prices of gas, which rose in the same month of last year.

Further, the pace of increase in prices of fuels such as diesel and gasoline was slower than that in January last year.

Compared to the previous month, the CPI decreased 1.3% in January.

Inflation based on the harmonized index of consumer prices, or HICP, slowed to 1.0% from 1.2% in December. Economists had expected a rate of 1.4%.

On a month-on-month basis, the HICP dropped 1.7% in January.

Copyright RTT News/dpa-AFX

Email Form
About Author Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

Audience Confirmation


By clicking 'accept' I acknowledge that this website uses cookies and other technologies to tailor my experience and understand how I and other visitors use our site. See 'Cookie Consent' for more detail.

  • Other Morningstar Websites