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Spain Inflation reaches 3 percent in September

Tue 11th Oct 2011

The annual rate of Inflation reached 3% in September, according to data released over the weekend by Spain's National Institute of Statistics (INE), up from 2.7% in August.

The Harmonized Index of Consumer Prices (HICP) climbed 1.2 percent in September compared to the previous month.

Consumer price inflation reached 3.1% in September, increasing slightly from 3.0% in August. On a monthly basis, consumer prices increased 0.2% compared with 0.1% in August.

The ECB has been unable to reach it's target of below 2.0% inflation since December 2010.

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