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Spain Inflation Slows In February

Spain's consumer price inflation slowed in February after rising in the previous month, preliminary data from the statistical office INE showed Thursday.

The consumer price index rose 0.8 percent year-on-year in February, after a 1.1 percent increase in January. The inflation rate was forecast to remain unchanged.

A similar rate of inflation was seen in November.

On a monthly basis, consumer prices decreased 0.1 percent in February versus a 0.2 percent rise in the same month last year. This was in line with economists' expectation.

The harmonized index of consumer prices increased 0.9 percent annually in February. Economists had forecast a rise of 0.8 percent.

On a month-on-month basis, the HICP remained unchanged in February. Economists had expected a 0.1 percent fall.

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