Inflation & Prices
Spanish Inflation Accelerates, Backing Gradual ECB Rate Cuts
- Consumer prices rise 2.8% from year earlier; est. 2.6%
- Lagarde has said inflation is set to fluctuate in near term
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Spanish inflation quickened more than anticipated in December, staying above 2% for a second month on base effects and supporting the case for gradual interest-rate cuts.
Consumer prices advanced 2.8% from a year ago, according to national statistics agency data published Monday. That compares with 2.4% in November and is stronger than the 2.6% median estimate in a Bloomberg survey of economists.