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Spanish annual inflation continues to rise

Fri 12th Feb 2010

Spain's consumer price index rose 1% in January from the last year, faster than December's 0.8% increase, a report from the National Statistics Institute showed Friday. However, prices dropped 1% on a month-on-month comparison. Both monthly and annual variations matched economists' expectations.

The Harmonized Index of Consumer Prices rose 1.1% annually in January. The statistical office confirmed the flash estimate released on January 29.