Spain Inflation Rate Confirmed at 4-Month High of 0.4%

The annual inflation rate in Spain increased to 0.4 percent in November 2019 from 0.1 percent in the previous month and in line with preliminary estimates. It was the highest inflation since July.
INE | Agna Gabriel | agna.gabriel@tradingeconomics.com 12/13/2019 10:32:03 AM
Year-on-year, prices rose at a faster pace for food & non-alcoholic beverages (1.7 percent from 1.2 percent in October) and restaurant & hotels (2.0 percent from 1.9 percent). In addition, cost rebounded for transport (0.4 percent from -0.8 percent). Meantime, inflation was steady for miscellaneous goods & services (at 1.4 percent); furniture & household equipment (at 0.8 percent) and alcoholic beverages & tobacco (0.4 percent). By contrast, prices slowed for clothing & footwear (1.0 percent from 1.1 percent); health (0.6 percent from 0.8 percent); communication (0.8 percent from 0.9 percent) and education (0.9 percent from 1.2 percent). Also, cost fell further for housing & utilities (-4.1 percent from -3.9 percent). 

Annual core inflation, which excludes volatile items such as unprocessed food and energy, went up to 1.0 percent, the same as in the previous month. 

On a monthly basis, consumer prices edged up 0.2 percent, after rising 1 percent in the previous month, in line with a flash estimate. 

The EU-harmonised index increased 0.5 percent over a year earlier (vs 0.2 percent in October) and showed no growth from the previous month (vs 0.7 percent in October).

Spain Inflation Rate Confirmed at 4-Month High of 0.4%