15.04.202009:53:00UTC+00Spain Consumer Prices Unchanged In March, Weakest Outcome Since 2016

Spain's consumer prices remained unchanged from a year ago in March, final data from the statistical office INE showed Wednesday.

The consumer price index remained unchanged year-on-year in March, after a 0.7 percent increase in February. According to the initial estimate, inflation was 0.1 percent.

The latest outcome was the weakest since August 2016, the INE said.

The transportation component logged a decline of 2.4 percent and the housing group registered a 4.8 percent slump.

In contrast, the food and non-alcoholic beverages component rose 2.5 percent and the communications group logged a 0.7 percent gain.

On a monthly basis, consumer prices decreased 0.4 percent in March, following a 0.1 percent fall in the previous month. In the initial estimate, consumer prices fell 0.3 percent.

The harmonized index of consumer prices increased 0.1 percent annually in March, following a 0.9 percent rise in the preceding month. According to the initial estimate, the HICP rose 0.2 percent.

On a month-on-month basis, the HICP rose 0.6 percent in March. In the initial estimate, HICP rose 0.7 percent.