Financial News: Spain Inflation Accelerates In December

Spain Inflation Accelerates In December

12/30/2024 - 04:29:00 (RTTNews)

(RTTNews) - Spain consumer price inflation accelerated at the end of the year on fuel prices, the flash estimates published by the statistical office INE showed on Monday.

Consumer price inflation rose more-than-expected to 2.8 percent in December from 2.4 percent in November. A similar higher rate was last seen in July. Prices were forecast to climb 2.6 percent.

The EU harmonized inflation also advanced to 2.8 percent from 2.4 percent. This was the highest inflation since last July, when prices were up 2.9 percent. Economists had forecast an annual rate of 2.6 percent.

The statistical office said the increase in annual inflation largely reflects the increase in fuel prices compared to the fall in December 2023.

Underlying inflation came in at 2.6 percent, up from 2.4 percent a month ago.

On a monthly basis, consumer price inflation doubled to 0.4 percent from 0.2 percent in November. The pace of growth was slightly faster than forecast of 0.3 percent.

Likewise, the harmonized index gained 0.4 percent on month after remaining flat in the previous month. Prices were forecast to rise 0.3 percent.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

South Korea Rate Decision On Tap For Tuesday (16 min(s), 19 sec(s) ago)
(RTTNews) - The Bank of Korea will wrap up its monetary policy meeting on Tuesday and then announc ...Full Story»

Slovenia Business Confidence Improves Slightly (51 min(s), 19 sec(s) ago)
(RTTNews) - Pessimism among Slovenian businesses eased modestly in February as the confidence indi ...Full Story»

Cyprus HICP Inflation Slows In January (06 min(s), 19 sec(s) ago)
(RTTNews) - Cyprus' inflation based on the EU measure slowed in January after accelerating in ...Full Story»

Two-Year Note Auction Attracts Below Average Demand (54 min(s), 19 sec(s) ago)
(RTTNews) - The Treasury Department announced the results of this month's auction of $69 billi ...Full Story»

Belgium Business Confidence Improves Slightly (18 min(s), 19 sec(s) ago)
(RTTNews) - Belgium's business confidence rose somewhat in February amid better business condi ...Full Story»

Malta HICP Inflation Remains Stable At 1.8% (42 min(s), 19 sec(s) ago)
(RTTNews) - Malta's EU measure of inflation held steady at the start of the year after easing ...Full Story»

Latvian Jobless Rate Rises In Q4 (11 min(s), 19 sec(s) ago)
(RTTNews) - Latvia's unemployment rate increased slightly in the final quarter of 2024 after f ...Full Story»

Poland Retail Sales Expand Most In 8 Months (59 min(s), 19 sec(s) ago)
(RTTNews) - Poland's retail sales growth accelerated to the highest level in eight months in J ...Full Story»