Blogging from the Murcia region of Spain until early June, when I return to
the Highlands of Scotland for a few months

'Fair and softly goes far' - Miguel de Cervantes

Thursday, 30 June 2011

Spanish inflation eases to 3.2 per cent pa in June

Inflation in Spain has dropped for the last two months from its high-point of 3.8 per cent pa in April, so that is now calculated to be 3.2 per cent pa in June. The April figure was the highest it had been since its previous high-point of 4.5 per cent pa in September 2008, according to figures published today by the Instituto Nacional de Estadística (INE - the National Statistics Institute).

Main factors behind the improved figures relate to tobacco, food and non-alcoholic drinks.

CPI inflation is calculated to be 3 per cent pa in June throughout the whole eurozone, 4 per cent less than in May.

Sources:
El País (in Spanish) - here;
ThinkSpain (in English) - here.

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