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 sees consumer prices fall for 7th straight month

Fri 13th Feb 2015
Spain sees consumer prices fall for 7th straight month

Spanish consumer prices fell for a 7th consecutive in January, according to information published the National Statistics Institute (INE) earlier today.

Data showed how Spain's EU-harmonized consumer-price index declined 1.5% on the year in January, compared with a 1.1% decline in December, confirming a preliminary information released earlier this month.

This compares with a 0.6% annual drop in prices for the eurozone as a whole in January.

The decrease was largely down to falling oil prices, which saw prices plummet at petrol stations. Underlying inflation - which strips out energy and fresh food products - rose 0.2% on the year in January, after having flatlined during the last six months.

Consumer prices are expected to stay low for longer. The European Commission has forecast that prices may drop by an average of 1% this year, before rising by 1.1% in 2016. Over the coming two years, the Commission expects the Spanish economy to grow at an annual pace of 2.3% and 2.5%.

Recommended Reading :

* Spain's industrial production up 1.4% in 2014

* Brussels raises 2015 growth forecast for Spain to 23%

Comment on this Story

Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs