8/30/2022, 9:00 AM (Source: TeleTrader)
more TeleTrader news

Spanish inflation down to 10.4% in August

The annual inflation rate in Spain declined to a less-than-expected 10.4% in August compared to the previous month, according to preliminary data published by the National Institute of Statistics on Tuesday. However, consumer prices inched up 0.1% month-on-month.

The annual decline was mainly led by the drop in fuel prices and the decrease in liquid fuels to a lesser extent. On the other hand, the prices of electricity, food, and services continued to stand out. The final results will become available in September.

A separate report revealed retail sales in Spain unexpectedly turned to decline in July compared to the same month a year ago by dropping 0.5%.

Baha Breaking News (BBN) / ND