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Financial News: Spain Inflation Accelerates More Than Forecast

Spain Inflation Accelerates More Than Forecast

04/27/2017 - 03:43:00 (RTTNews)

(RTTNews) - Spain's consumer price inflation accelerated at a faster-than-expected pace in April, after easing in the previous month, preliminary figures from the statistical office INE showed Thursday.

The consumer price index climbed 2.6 percent year-over-year in April, faster than the 2.3 percent gain in March. Economists had expected the inflation to accelerate to 2.5 percent.

Similarly, EU measure of inflation came in at 2.6 percent in April, up from 2.1 percent in March and above the 2.3 percent rise expected by economists.

On a monthly basis, consumer prices went up 1.0 percent in April, just above the 0.9 percent expected increase. The harmonized index of consumer prices increased 0.9 percent in April, faster than the 0.7 percent rise economists had forecast.

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