Spain Deflation Eases Further to 6-Month Low

Consumer prices in Spain are expected to fall 0.6 percent year-on-year in July of 2016, following a 0.8 percent drop in June, preliminary estimates showed. It is the twelfth consecutive month of no growth in consumer prices although July's decrease was the lowest in six months.
INE | Joana Taborda | joana.taborda@tradingeconomics.com 7/29/2016 8:57:10 AM
The change from July to June is due to rising prices of food and non-alcoholic beverages. 

On a monthly basis, consumer prices declined 0.7 percent, the first fall in five months.

The harmonized index dropped 0.6 percent year-on-year, compared to a 0.9 percent fall in June and market expectations of a 0.8 percent decline. The monthly index went down 1.3 percent after rising 0.4 percent in the previous month.

Spain Deflation Eases Further to 6-Month Low