Failing oil prices help smooth inflation to 2.9 pc

11th October 2006, Comments 0 comments

11 October 2006, MADRID — Falling oil prices helped ease Spanish inflation, one of the highest in the eurozone.

11 October 2006

MADRID — Falling oil prices helped ease Spanish inflation, one of the highest in the eurozone.

Consumer prices decreased by 0.2 pct in September from August but were up 2.9 percent from a year earlier, the National Statistics Institute (INE) said on Wednesday.

In a statement, INE analysts said underlying inflation, excluding food and energy products, rose 2.9 pc year-on-year.

The harmonised index of consumer prices - calculated to allow comparison with other EU members - rose 2.9 pct in September from a year earlier, 0.2 percentage points lower than the increase registered in August.

[Copyright EFE with Expatica]

Subject: Spanish news

0 Comments To This Article