Spain: Inflation eases in October
October 28, 2011
According to a preliminary estimate released by the National Statistical Institute on 28 October, annual inflation inched down from 3.1% in September to 3.0% in October. Detailed data for September showed consumer prices increasing 0.2% over the previous month, which was faster than the 0.1% increase in August. The monthly increase was mainly the result of higher prices for clothing and footwear. The core inflation index, which does not include prices for unprocessed food and energy, rose 0.2% in September over the previous month, which followed an increase of the same magnitude in August. The annual core inflation rate inched up to 1.7% in September.