Spain Inflation Rate Picks Up to 7-Month High

The annual inflation rate in Spain is expected to rise to 0.8 percent in December 2019 from 0.4 percent in the previous month and slightly below market estimates of 0.9 percent. It is the highest inflation rate since May, mainly driven by fuel prices while electricity tariffs should decrease, preliminary figures showed.
INE | Luisa Carvalho | luisa.carvalho@tradingeconomics.com 12/30/2019 8:25:41 AM
On a monthly basis, consumer prices are set to drop 0.1 percent, after increasing 0.2 percent in the previous month.

The EU-harmonised index is likely to advance 0.8 percent year-on-year, compared to 0.5 percent in November and slightly below market expectations of 1 percent. Compared to the previous months, the index is seen decreasing 0.1 percent, after being flat in the prior month and against market expectations of a 0.2 percent decline.

Spain Inflation Rate Picks Up to 7-Month High