Spain’s EU-harmonised 12-month inflation falls to 2.9% in July

(Reuters) – Spain’s European Union-harmonised 12-month inflation fell to 2.9% in July, from 3.6% in the period through June, final data released by the National Statistics Institute (INE) showed on Tuesday.

The 12-month European Union-harmonised inflation confirmed both the flash estimate and the estimate by analysts polled by Reuters at 2.9%.

Core inflation, which strips out volatile fresh food and energy prices, was 2.8% in the 12-months through July, down from 3% in the 12-month through June, INE said.

Spain’s national consumer prices fell 2.8% year-on-year in July, from 3.4% in June.

The final reading confirmed both the flash estimate released by INE two weeks ago and the estimate by analysts polled by Reuters.

(Reporting by Jakub Olesiuk, editing by David Latona)

tagreuters.com2024binary_LYNXMPEK7C06W-VIEWIMAGE

Close Bitnami banner
Bitnami