Spain Inflation Rises In July

Spain’s consumer prices increased in July, as initially estimated, final data from the statistical office INE showed on Friday.

Consumer prices increased 2.9 percent year-on-year in July, following a 2.9 percent increase in June, as estimated.

Inflation based on the harmonized index of consumer prices, rose 2.9 percent annually in July, following a 2.5 percent increase in the previous month, as initially estimated.

On a monthly basis, consumer prices fell 0.8 percent in July, following a 0.5 percent increase in the prior month. In the initial estimate, prices fell 0.7 percent.

The HICP declined 1.2 percent monthly in July, following a 0.5 percent in the previous month, as estimated.

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