The Spanish statistical office INE released its final consumer price inflation data on Friday. Consumer price inflation in Spain was down 0.3% in December, in line with the preliminary reading, after a 0.4% increase in November.

On a yearly basis, consumer prices fell by 0.3% in December from a year ago, in line with preliminary reading, after a 0.7% decline in November.

The annual decline was mainly driven by a drop in the prices of housing and transport.