2019.08.2903:15:00UTC+00Spain Inflation Slows More Than Expected In August

Spain inflation slowed in August after accelerating in the previous month, flash estimates from the statistical office INE showed on Thursday.

The flash consumer price index rose 0.3 percent year-on-year following a 0.5 percent increase in the previous month. Economists had expected 0.4 percent inflation.

Headline inflation slowed in August mainly due to a fall in electricity prices, the INE said.

The harmonized index of consumer prices, or HICP, climbed 0.4 percent year-on-year after a 0.6 percent rise in July. Economists had expected inflation to remain unchanged.

Month-on-month, both CPI and HICP decreased 0.1 percent each in August.