Spain Inflation Rate Back to Negative Territory
Consumer prices in Spain fell 0.3 percent year-on-year in January of 2016, after being unchanged in December, preliminary estimates showed. The monthly rate deteriorated further to -1.9 percent, the lowest on record.
1/29/2016 9:34:42 AM
Figures came much worse than market expectations. Lower electricity prices were the main reason for the fall in inflation rate.
The harmonized index declined 0.4 percent year-on-year and 2.5 percent on a monthly basis.