Spanish Inflation Slows More Than Expected, Hitting 5.6%
- Unterlying inflation rate increases to 6.9% this month
- Lower electricity, fuel costs help temper consumer prices
Shoppers make their way along the Calle de Fuencarral retail street in Madrid, Spain, on Dec. 29.
Photographer: Paul Hanna/BloombergThis article is for subscribers only.
Spanish inflation slowed for a fifth straight month in December, decelerating by nearly half since mid-year as energy costs continue to decline in the euro zone’s fourth-largest economy.
Consumer prices rose 5.6% from a year earlier, down from a 6.7% advance in November, the statistics institute said Friday. That’s a better reading than the 5.8% median estimate in a Bloomberg survey of economists.