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Spain Inflation Slows In March

Spain's consumer price inflation slowed in March, preliminary data from the statistical office INE showed Monday.

The consumer price index rose 0.1 percent year-on-year in March, after a 0.7 percent increase in February.

On a monthly basis, consumer prices decreased 0.3 percent in March, following a 0.1 percent fall in the previous month.

The harmonized index of consumer prices increased 0.2 percent annually in March, following a 0.9 percent rise in the preceding month.

On a month-on-month basis, the HICP rose 0.7 percent in March, after a 0.1 percent fall in the prior month.

Separate data from the statistical office showed that the retail sales increased 1.8 percent annually in February, following a 1.7 percent rise in January.

On a monthly basis, retail sales grew 5.5 percent in February, following a 0.9 percent rise in the preceding month.

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