Inflation & Prices
Spanish Inflation Unexpectedly Slows on Fuel, Tourism Costs
- Consumer prices rose 3.2% from year ago in November, est. 3.7%
- ECB rates on hold as inflation recedes in euro zone as a whole
Tourists visit a souvenir store in A Coruna, Spain.
Photographer: Brais Lorenzo/BloombergThis article is for subscribers only.
Spanish inflation unexpectedly eased, retreating for the first time since June thanks to drops in the costs of fuel and tourism.
Consumer prices rose 3.2% from a year earlier in November, data Wednesday showed. That compares with 3.5% the previous month and defied the median estimate in a Bloomberg survey of economists for an acceleration to 3.7%.