MADRID: Spain’s consumer prices declined as estimated in April, final data from the statistical office INE showed Wednesday.
The consumer price index fell 0.6 percent year-over-year in April, confirming the flash report, slower than March’s 0.7 percent decrease. Prices have been falling since July last year. On a monthly basis, consumer prices climbed 0.9 percent in April, which was revised down from a 1.0 percent gain estimated earlier. In March, prices had risen 0.6 percent. It was the third month of increase in a row.
The EU measure of inflation, the harmonized index of consumer prices dropped 0.7 percent annually in April, matching the preliminary figure, following a 0.8 percent decrease in the prior month. Month-on-month, the HICP climbed 0.7 percent in April, slower than March’s 2.0 percent hike. The rate was also came in line with flash estimate.
