Annual variation rate of Spain's Aug CPI 2.6%; monthly variation 0.5%

The annual rate of the harmonised index of consumer prices (HICP) stood at 2.4 per cent, three tenths more than that of the previous month, according to the country’s national statistics agency.

The annual variation rate of core inflation (overall index excluding unprocessed food and energy products) decreased by a tenth to 6.1 per cent—a difference of three and a half points with that of the overall CPI.

The contribution of the clothing and footwear sector to the annual CPI rate was miniscule.

Among the groups with a negative monthly contribution, worth noting was clothing and footwear, with a rate of minus 0.6 per cent and a contribution of minus 0.021, due to price decreases during the end of the summer sales season.

ALCHEMPro News Desk (DS)