Tin tức thị trường
12.09.2024

Consumer inflation in Spain slowed sharply in August

Final data provided by the National Statistics Institute (INE) showed that in August consumer price growth slowed to 2.3% per annum (the lowest value since July 2023) from 2.8% per annum in July. Economists had expected CPI growth of 2.2% per annum. Prices of food and non-alcoholic beverages rose 2.5% after an increase of 3.1% in July. Price growth also slowed for restaurant & hotels (4.6% vs 4.7%), alcoholic beverages & tobacco (3.6% vs 3.7%), clothing & footwear (0.7% vs 0.9%). Prices fell for transport (-1.3% vs 2.4%) and communication (-0.3% vs -0.2%).

On a monthly basis, the CPI remained unchanged, as expected, after falling by 0.5 in July.

Core CPI - excluding energy and fresh food - rose by 2.7% per year (the lowest level since January 2022) after an increase of 2.8% per year in July. On a monthly basis, the core CPI rose by 0.2% after a 0.3% decline in July.

The data also showed that in August, the harmonized index of consumer prices (HICP) - an indicator that allows to compare inflation in Spain with inflation in European countries - remained unchanged compared to July and rose by 2.4% per annum. In July, HICP fell by 0.7% on a monthly basis and rose by 2.9% per annum.

Xem thêm