MADRID (Reuters) – Inflation expanded in April its downtrend in Spain in a context of lower energy prices, according to preliminary data released by the National Statistics Institute (INE) Thursdays.
the estimated annual rate CPI in April was -1.1 percent compared to -0.8 percent in March, in a context of low prices.
“This decrease is mainly explained by lower prices of package holidays and electricity,” said INE in a press release.
Meanwhile, the annual change leading indicator HICP (harmonized inflation with EU partners) in April stood at -1.2 percent compared to -1.0 percent in the previous month.
analysts expected a decline 1.0 percent in the April IPCA year.
in monthly terms, consumer prices in April recorded a positive rate of 0.7 percent compared to March, while the variation the monthly HICP flash in April stood at 0.4 percent
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