In November, consumer prices increased 0.5% over the previous month, which came in below the 0.9% price rise recorded in October. Annual inflation remained unchanged from the October reading of 2.3%, which marked the highest value since December 2008, and was a notch above the 2.2% preliminary estimate released by the Statistical Institute on 29 November. The monthly price rise was mainly driven by higher prices for clothing and footwear (+4.8% month-on-month), as well as transport (+0.9% mom). In contrast, prices for leisure and recreation dropped 0.9% over the previous month. The core inflation index, which does not include prices for unprocessed food and energy, rose 0.5% over the previous month. Annual core inflation inched up to 1.2% from 1.1% in October.
Inflation remains steady in November
November 12, 2010
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Spain Economic News
October 27, 2016
Unemployment in Spain fell to 18.9% in the third quarter, which beat both the 20.0% figure recorded in the previous quarter and the 19.3% reading the market had expected.
October 7, 2016
In August, industrial production expanded 4.0% from the same month last year in working-day adjusted terms.
October 5, 2016
The Markit Purchasing Managers’ Index (PMI) Composite Output Index came in at 54.1 in September, which was slightly below August’s 54.8 reading.
September 30, 2016
Spain’s current account balance incurred a surplus of EUR 3.0 billion in July, which was above the EUR 2.7 billion surplus recorded in the same month of last year and marked the highest reading since December 2014.
September 29, 2016
In August, retail sales rose 4.9% over the same month last year as the discount season drew to an end.