• Spain's consumer prices declined as estimated in June

Market news

13 July 2016

Spain's consumer prices declined as estimated in June

Spain's consumer prices declined as estimated in June, final data from the statistical office INE showed Wednesday.

Consumer prices dropped 0.8 percent year-on-year in June, slower than the 1 percent decline seen in May. Inflation has remained negative for the sixth consecutive month in June.

Month-on-month, consumer prices moved up 0.5 percent, the same pace of decrease as seen in May.

The harmonized index of consumer prices decreased 0.9 percent annually, following a 1.1 percent drop in May. Prices have been falling since August 2015.

On a monthly basis, consumer prices gained 0.4 percent.

The statistical office confirmed CPI and HICP figures released on June 29.

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