Spain's consumer prices fall by 0.6 pct in April

 

Spain's consumer prices fell by 0.6% in April when compared with the same month of a year earlier, according to data of the Consumer Price Index (CPI) published Thursday by the country's statistical office (INE).

The figure is 0.1% higher than the inflation rate registered in March, when prices fell by 0.7%. According to the INE, this variation is due to higher electricity prices.

Spanish prices have been falling for 10 consecutive months on a year-on-year basis. However, the government has assured citizens there is no structural deflation, adding that falling prices benefit families as their disposable income increases.

Meanwhile, prices increased by 1.0% in April when compared with March.

The INE will confirm the CPI data published on Thursday on May 13 when it will provide more information about the evolution of prices.

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