Spain's consumer prices declined at the fastest pace since October 2009, flash data from the statistical office INE showed Thursday.
Consumer prices fell 0.5 percent year-on-year in August, this was the biggest fall since October 2009, when prices declined by 0.7 percent. Consumer prices dropped for the second consecutive month.
Economists had forecast prices to fall 0.6 percent annually after decreasing 0.3 percent in July.
The harmonized index of consumer prices decreased 0.5 percent from last year following a 0.4 percent drop in July. The index was expected to drop by 0.6 percent.
On a monthly basis, both consumer prices and harmonized prices edged up 0.1 percent each in August.
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