By Monica Uriel MADRID, 30 (ANSA) – Prices and build a semester in negative in Spain after dropping the annual rate -1.1% in December, according to official data released today.
respect to November a fall of 0.6%, according to the advance data published today by the National Statistics Institute (INE).
The fall is due to cheaper petrol and diesel
The consumer price index (CPI) and sixth strings negative rate after -0.3%, -0.5%, the. – 0.2% -0.1% and -0.4% in July, August, September, October and November, respectively. It is the eighth time in fifteen months when prices show negative rates. Furthermore, if the data is confirmed on 15 January, the decline in CPI for December would be the highest since July 2009, when it fell 1.4%. Nevertheless the government denied that the economy is in deflation and holding that the pace of economic growth is expected to quicken. The Economy Minister Luis de Guindos, recently a dvanced that inflation would end 2014 with a higher than in November (-0.4%) fall and acknowledged that forecasts suggest that prices would be more negative in December and thus remain a few months.
“number two” of the Ministry of Economy, Iñigo Fernández de Mesa, spoke of the advantages of deflation, stating that “price moderation will generate a positive impact in terms of disposable income families. ” The Savings Banks Foundation (Func) estimated that in the first months of 2015 the CPI will continue to collapse to stand at -1% in February. The price collapse is occurring as economic activity is accelerating. The president, Mariano Rajoy, said last week that the economy will grow this year for the first time in seven years and will do between 1.3% and 1.4%, representing more than 2 and a half points to 2013 (-1.2%).
the balance of the year, Rajoy, who proclaimed that the crisis “is history,” he boasted that “Spain is growing faster than most European partners”. UR-ADG / MRZ
30/12/2014 18:22
No comments:
Post a Comment