Spain March Consumer Prices Fall As Estimated

Spain's consumer prices declined for the ninth consecutive month in March as initially estimated, final data from the statistical office INE showed Tuesday.

Consumer prices fell 0.7 percent year-on-year in March after decreasing 1.1 percent in February. The annual decline came in line with flash estimate released on March 30. It was the smallest decline since November, when prices decreased 0.4 percent.

The harmonized index of consumer prices, or HICP, dropped 0.8 percent annually, which was revised from the initial estimate of 0.7 percent fall. In February, the index was down 1.2 percent.

Month-on-month, the increase in consumer prices accelerated to 0.6 percent from 0.2 percent in February. The HICP grew 2 percent compared to the flash estimate of 2.1 percent.

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