The advances in inflation figures throughout the Eurozone will be a subject of debate in the coming weeks, not least because of its bigger-than-expected rise. An increase which has a common thread in the form of hikes in energy prices and, to a lesser extent, in food prices.
Cheaper oil and electricity pushed prices down by 0.3% in August compared to the previous month. In year-on-year terms, prices dropped by 5 basis points or 0.4%.
The Corner | February 27, 2015 | Inflation edged up in January, but the figures are unlikely to stop increasingly confident Spanish consumers from spending.
MADRID | The Corner | It was expected that the fall in the oil prices would have an impact on the Spanish CPI, and that is what has happened. The CPI dropped by six tenths in December with respect to the previous month, while it reduced its interannual rate by seven tenths to -1.1%. This fall is the result almost exclusively of the decline of the oil price, whose fluctuations represent more than 50% of the variability of the Spanish inflation.
MADRID | By Tania Suárez | The Spanish consumer prices index (CPI) dropped to +0.3% from August to September, its lowest level in 45 months, due to the statistical effect of the increase in VAT of the same month of 2012.