Financial News: Spain Inflation Rises Less Than Estimated In February

Spain Inflation Rises Less Than Estimated In February

03/14/2023 - 06:26:00 (RTTNews)

(RTTNews) - Spain's inflation rose slightly less than estimated in February, final data from the statistical office INE showed on Tuesday.

The consumer price index climbed 6.0 percent annually after the 5.9 percent rise in January. The rate was revised down from 6.1 percent estimated on February 28.

Likewise, underlying inflation advanced to revised 7.6 percent from 7.5 percent a month ago. The preliminary estimate showed an annual growth of 7.7 percent for January.

EU harmonized inflation, based on the harmonized index of consumer prices, rose to 6.0 percent from 5.9 percent in the previous month. This was also below the initial estimate of 6.1 percent.

Data showed that food and non-alcoholic beverages posted the biggest annual increase of 16.6 percent in February. This was followed by 8.4 percent rise in alcoholic beverages and tobacco prices and 7.9 percent increase in hotels, cafes and restaurants prices.

Meanwhile, hosing costs declined 6.2 percent from the last year.

On a monthly basis, consumer prices gained 0.9 percent, in contrast to the 0.2 percent fall in January. The monthly inflation was revised down from 1.0 percent.

The HICP moved up 0.9 percent, reversing the 0.4 percent decrease in January. The flash estimate was +1.0 percent.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Eurozone Trade Gap Narrows In January (15 min(s), 37 sec(s) ago)
(RTTNews) - Euro area trade deficit narrowed at the start of the year as the pace of fall in impor ...Full Story»

Poland Industrial Output Contracts; Producer Price Inflation At 1-Year Low (49 min(s), 37 sec(s) ago)
(RTTNews) - Poland's industrial production declined for the first time in thirty-three months ...Full Story»

Taiwan Export Orders Continue To Fall In February (02 hr(s), 13 min(s), 37 sec(s) ago)
(RTTNews) - Taiwan's export orders continued to decline in February, data released by the Mini ...Full Story»

Germany Producer Price Inflation Eases To 15.8%, Lowest Since Sep 2021 (04 hr(s), 10 min(s), 37 sec(s) ago)
(RTTNews) - Germany's producer price inflation eased for the fifth straight month in February ...Full Story»

Malaysia Trade Surplus Shrinks To MYR 19.56 Bln (05 hr(s), 37 min(s), 37 sec(s) ago)
(RTTNews) - Malaysia's trade surplus decreased slightly in February, as imports grew faster th ...Full Story»

European Economic News Preview: Eurozone Foreign Trade Data Due (06 hr(s), 17 min(s), 37 sec(s) ago)
(RTTNews) - Foreign trade from the euro area and producer prices from Germany are the top economic ...Full Story»

China Retains Benchmark Lending Rates As Expected (06 hr(s), 36 min(s), 37 sec(s) ago)
(RTTNews) - China retained its benchmark lending rates for the seventh straight month on Monday af ...Full Story»

China Loan Prime Rate Due On Monday (37 min(s), 23 sec(s) ago)
(RTTNews) - The People's Bank of China will announce its latest loan prime rate numbers, highl ...Full Story»