Spain CPI inflation rises to 5-month high of 2.8%
Annual consumer price inflation in Spain has picked up to 2.8% in December from 2.4% in November, a preliminary figure showed on Monday.It has been the highest CPI inflation rate since July, while it
Annual consumer price inflation in Spain has picked up to 2.8% in December from 2.4% in November, a preliminary figure showed on Monday.
It has been the highest CPI inflation rate since July, while it exceeded market consensus of 2.6%.
The latest figure was a result of base effects, as fuel prices rose compared to a drop in December 2023.
Spain’s annual core inflation rate, which excludes volatile categories such as food and energy, picked up to a four-month high of 2.6% in December.
In monthly terms, consumer prices in the country went up 0.4% in December, compared to a 0.2% increase in November.
The Euro was 0.21% weaker on the day against the US Dollar, with the EUR/USD currency pair last trading at 1.0398.
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