MADRID (Reuters) – The Index of Consumer Prices (IPC) Spanish advance chained his sixth consecutive drop in December and recorded an annual rate of -1.1 percent for the low values of fuels, as data released Tuesday by the National Statistics Institute.
“This indicator provides a preview of IPC which, if confirmed, would imply a decrease of seven tenths in the annual rate, since in November this change was -0.4 % “said INE.
This is the internanual fall more pronounced since July 2009.
Meanwhile, the harmonized inflation data from other European countries also fell at an annual rate of -1.1 percent yoy in December, compared with -0.7 percent average anticipated economists polled by Reuters and compared with a rate of -0.5 percent in November.
On a monthly basis, the CPI advanced in Spain fell 0.6 percent in December compared with a fall of 0.1 percent in November, while in harmonized data saw a decline of 0.7 percent from 0.2 percent in November.
(Reporting by Jose Elias Rodriguez in the Writing of Madrid / REUTERS GB)
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