Spain consumer price inflation rose to a five-month high in July on electricity and transport costs, final data from the statistical office INE showed on Wednesday.
The consumer price index posted an annual increase of 2.7 percent after rising 2.3 percent in June. This was the highest rate since March and also matched flash estimate.
EU harmonized inflation also accelerated to 2.7 percent from 2.3 percent a month ago. The figure came in line with the estimate released on July 30.
Core inflation that excludes unprocessed food and energy prices, edged up to 2.3 percent from 2.2 percent.
Data showed that housing cost advanced to 6.7 percent on rising electricity prices. Transport cost grew 0.2 percent due to the rise in fuel prices.
On a monthly basis, the consumer price index fell 0.1 percent, as estimated, but reversed June’s 0.7 percent rise.
At the same time, the harmonized index of consumer prices slid by revised 0.3 percent, following a 0.7 percent gain. The monthly rate was revised from the initially estimated fall of 0.4 percent.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.