Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Spain's consumer prices rises 1.1 pct in Dec

Source: Xinhua - Sat 13th Jan 2018
Spain's consumer prices rises 1.1 pct in Dec

Spain's consumer prices rose by 1.1 percent in December when compared with the same month of 2016, according to the Consumer Price Index (CPI) published on Friday by Spain's Statistical Office (INE).

The figure is 0.6 percentage point lower than the annual inflation rate of November, when the country's consumer prices rose by 1.7% year-on-year.

The INE reported that prices of transport rose by 1.9% in December year-on-year, those of items related to housing increased by 1.3% due to rises in prices of electricity, while those related to leisure and culture dropped by 0.6%.

Prices of food and non-alcoholic drinks rose by 1.7% and those of clothes and shoes increased by 0.5% in December year-on-year.

Spain's prices have been rising for 16 months year-on-year. The CPI had started 2017 at 3.0%, the highest rate since October, 2012, to fall in March to 2.3%.

It fell and rose the following months until being close to 1.0%, in line with the predictions of the Spanish government, who said the country's CPI would slow down being close to 1.0% by the end of 2017.

Spain's State Secretary of Economy Irene Garrido said they expected the inflation rate to fall in January and February in 2018.

Recommended Reading :

* Spain's GDP grew by 3.1% in 2017 : PM

* Spain to revise 2018 economic forecast to above 2.5%

Comment on this Story

 
Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs