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Spain's EU-harmonised consumer prices flat in February

Source: Reuters - Fri 28th Feb 2014
 Spain's EU-harmonised consumer prices flat in February

Spanish EU-harmonised consumer prices were flat in February, preliminary data from the National Statistics Insititute (INE) showed on Friday, compared with a Reuters forecast of a rise of 0.1% and a January reading of a 0.3% rise.

Spain's national consumer price index fell by 0.% in February on an annual basis, the first time prices have fallen since October, INE data showed. That compared to a rise of 0.2% in January.

February's easing inflation was mainly due to a fall in fuel prices after increases in the same month a year earlier, INE said.