Spain’s consumer price inflation dropped to 3.4% in June: Report
Spain’s consumer price inflation softened in June on lower food and fuel costs, final data released by the statistical office INE showed on Friday.
The consumer price index registered an annual increase of 3.4 per cent, as initially estimated, after climbing 3.6 per cent in April.
However, EU-harmonised inflation moderated less than expected, at 3.6 per cent in June, from 3.8 per cent in the prior month.
The figure was revised up from 3.5 per cent.
Meanwhile, at the same time, core inflation, which excludes prices of unprocessed food and energy, held steady at 3.0 per cent in June.
The monthly growth in the CPI was revised to 0.4 per cent from 0.3 per cent.
The harmonised index of consumer prices also climbed 0.4 per cent on the month, which was revised up from 0.3 per cent.
In May, consumer and harmonised prices had increased 0.3 per cent and 0.2 per cent, respectively.
(dpa/ NAN)
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