Financial News: Spain Inflation Rises In May

Spain Inflation Rises In May

05/30/2024 - 08:01:00 (RTTNews)

(RTTNews) - Spain's consumer price inflation accelerated in May largely due to the rise in electricity prices, flash data from the statistical office INE showed on Thursday.

The consumer price index registered an annual increase of 3.6 percent after climbing 3.3 percent in April. But the rate was slower than economists' forecast of 3.7 percent.

Meanwhile, EU harmonized inflation accelerated more-than-expected to 3.8 percent in May from 3.4 percent in the prior month. Inflation was seen at 3.7 percent.

Core inflation that excludes prices of unprocessed food and energy rose marginally to 3.0 percent from 2.9 percent in April.

Overall inflation increased in May mainly due to the rise in electricity prices and also reflects a slower decline in fuel prices.

On a monthly basis, the consumer price index rose at a slower pace of 0.3 percent, in line with expectations, after April's 0.7 percent increase.

The harmonized index of consumer prices gained only 0.2 percent, as expected, following a 0.6 percent rise in April. Final data for May is due on June 13.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Atlanta Fed Sees U.S. Q3 GDP Growth At 2.8% (39 min(s), 14 sec(s) ago)
(RTTNews) - The Atlanta Fed released its initial estimate for the third quarter growth based on it ...Full Story»

U.S. Consumer Sentiment Index Dips Slightly Less Than Previously Estimated In July (48 min(s), 14 sec(s) ago)
(RTTNews) - The University of Michigan released revised data on Friday showing consumer sentiment ...Full Story»

U.S. Consumer Prices Inch Up 0.1% In June, In Line With Estimates (51 min(s), 14 sec(s) ago)
(RTTNews) - Consumer prices in the U.S. crept up in line with economist estimates in the month of ...Full Story»

Spain Jobless Rate Lowest Since 2008 (37 min(s), 14 sec(s) ago)
(RTTNews) - Spain's unemployment rate fell to the lowest level in nearly 16 years in the secon ...Full Story»

Denmark Retail Sales Fall 0.1% (29 min(s), 14 sec(s) ago)
(RTTNews) - Danish retail sales decreased slightly in June after recovering in the previous month, ...Full Story»

Hungary Jobless Rate Falls To 4.3% (13 min(s), 14 sec(s) ago)
(RTTNews) - Hungary's unemployment rate decreased slightly during the April-June period, data ...Full Story»

U.S. PCE Price Index Inches Higher In June, Annual Growth Slows To 2.5% (04 min(s), 14 sec(s) ago)
(RTTNews) - Consumer prices in the U.S. crept up in line with economist estimates in the month of ...Full Story»

Russia Central Bank Hikes Rate By 200 Bps (51 min(s), 14 sec(s) ago)
(RTTNews) - Russia's central bank raised its benchmark rate by 200 basis points on Friday amid ...Full Story»