Spain recorded the sixth consecutive drop in prices – The Economist

Spain recorded the sixth consecutive drop in prices – The Economist

The Index of Consumer Prices chained his sixth consecutive drop in December and recorded an annual rate of -1.1 percent.

Madrid. – The Index of Consumer Prices (IPC) Spanish chained advance its sixth consecutive drop in December and recorded an annual rate of -1.1% for the low values ​​of fuel, according to 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%,” INE said.

This is the steepest decline internanual since July 2009.

The harmonized inflation with data from other European countries also fell to an annual rate of -1.1 % yoy in December, compared with -0.7% average anticipating economists polled by Reuters and compared with a rate of -0.5% in November.

On a monthly basis, the CPI advanced in Spain fell 0.6% in December compared with a fall of 0.1% in November, while in harmonized data was a decrease of 0.7% from -0.2% in November.

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