Oil price rises push inflation to 3.2pc

14th January 2005, Comments 0 comments

14 January 2005, MADRID-Spanish inflation rose to 3.2 percent by the end of 2004, compared with the year before, analysts said.

14 January 2005

MADRID-Spanish inflation rose to 3.2 percent by the end of 2004, compared with the year before, analysts said.

In a report, the National Statistics Institute said consumer prices in Spain fell 0.1 percent in December from November, taking inflation at the end of the month to 3.2 percent compared with the same month in 2003.

In November inflation came to 3.5 percent compared with November 2003.

Annual inflation stood at 2.6 percent in 2003, with the increase in 2004 attributed mainly to higher oil prices.
 
Meanwhile, Spain's current account deficit nearly doubled in
October 2004 to EUR 2.93 billion (USD 3.8bn) from EUR 1.47 bn in the same month of 2003, a report by analysts from the Bank of Spain said.

The shortfall in the current account, a broad measure of trade covering goods, services and certain financial transactions, came to EUR 30.09 bn from January to October in comparison with  EUR 15.43 bn  in the same period of 2003.

[Copyright EFE with Expatica]

Subject: Spanish news

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