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Financial News: Spain Inflation At 7-Month High

Spain Inflation At 7-Month High

12/30/2019 - 06:56:00 (RTTNews)

(RTTNews) - Spain's consumer price inflation rose to the highest level in seven months in December, data from the statistical office INE showed on Monday.

The consumer price index rose 0.8 percent year-on-year in December, following a 0.4 percent increase in November. A similar rate of inflation was seen in May.

On a month-on-month basis, consumer prices fell 0.1 percent in December.

The EU measure of harmonized index of consumer prices, or HICP, rose 0.8 percent annually in December after a 0.5 percent increase in the previous month. Economists had forecast 1 percent inflation.

On a monthly basis, the HICP edged down 0.1 percent in December.

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