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Spain's inflation slows more than forecast

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Staff Writer | December 29, 2017
Spain's consumer price inflation slowed more than expected in December, according to flash data from the statistical office INE, released Friday.
Spain prices
Europe   Inflation was forecast to slow moderately to 1.5%
Inflation eased to 1.2% in December from 1.7% in November. This was the lowest rate since November 2016. Inflation was forecast to slow moderately to 1.5%.

Month-on-month, consumer prices edged up 0.1% compared to a 0.6% rise seen in the same period of 2016. Monthly inflation came in line with expectations.

Inflation, based on the harmonized index of consumer prices, came in at 1.3% versus 1.8% in November. The pace of growth slowed more than the 1.4% economists had forecast.

On a monthly basis, the HICP edged up 0.1%, slightly slower than the expected 0.2%.