Spain Business
Harmonised inflation falls to 4.2 percent in Spain
By h.b. - Apr 29, 2008 - 9:51 AM
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The advance number for harmonised inflation in April has been released this morning by the INE, the Spanish National Statistics Institute. It shows a fall of 0.4% over the month to take the annual rate of the IPCA to 4.2%, its lowest for five months. Between December 2007 and March this year the rate has moved between 4.3% and 4.6%.
It’s the first reduction in seven months but remains 1.7% higher than the rate a year ago in the index which is harmonised with other European countries. The high inflation remains caused by petrol and food price increases.