Spain Consumer Prices Fall Further In August

Spain’s consumer prices declined for the fifth month in a row in August, preliminary data from the statistical office INE showed on Monday.

The consumer prices fell 0.5 percent yearly in August, following a 0.6 percent in July. Economists had expected the inflation to remain unchanged.

On a month-on-month basis, consumer prices remained unchanged in August. Economists had forecast a 0.9 percent fall.

The harmonized index of consumer prices declined 0.6 percent annually in August. This was in line with economists forecast.

On a monthly basis, the HICP remained unchanged in August. Economists had forecast a 1.6 percent fall.

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