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Financial News: Spain Inflation Slows In February

Spain Inflation Slows In February

02/27/2020 - 06:30:00 (RTTNews)

(RTTNews) - Spain's consumer price inflation slowed in February after rising in the previous month, preliminary data from the statistical office INE showed Thursday.

The consumer price index rose 0.8 percent year-on-year in February, after a 1.1 percent increase in January. The inflation rate was forecast to remain unchanged.

A similar rate of inflation was seen in November.

On a monthly basis, consumer prices decreased 0.1 percent in February versus a 0.2 percent rise in the same month last year. This was in line with economists' expectation.

The harmonized index of consumer prices increased 0.9 percent annually in February. Economists had forecast a rise of 0.8 percent.

On a month-on-month basis, the HICP remained unchanged in February. Economists had expected a 0.1 percent fall.

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