The Spanish statistical office INE released its final consumer price inflation data on Friday. Consumer price inflation in Spain was down 1.9% in January, in line with the preliminary reading, after a 0.3% decrease in December.

The monthly drop was mainly driven by a fall in clothing and footwear prices, which plunged 15.3% in January.

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

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