Monday. 17.06.2024

Spain consumer price inflation rose less than estimated in November, but remained the strongest since 1992, final data from the statistical office INE showed on Wednesday.

Consumer price inflation rose to 5.5 per cent in November from 5.4 per cent in October. The rate was revised down from 5.6 per cent.

This was the highest since September 1992.

Underlying consumer price inflation increased to 1.7 per cent, as estimated, from 1.4 per cent in the previous month.

On a monthly basis, consumer prices gained 0.3 per cent versus a 1.8 per cent increase in October. The rate was revised down from 0.4 per cent.

Harmonized inflation

At the same time, EU harmonized inflation advanced to 5.5 per cent in November from 5.4 per cent a month ago.

According to initial estimate, the November inflation rate was 5.6 per cent.

Month-on-month, the harmonized index of consumer prices gained 0.2 per cent, instead of 0.3 per cent estimated previously.

Strongest increase in consumer prices in Spain since 1992