Inflation accelerated in Spain in February

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The Spanish Statistics Office (INE) announced on Tuesday, based on preliminary data, that inflation rose to 6.1 percent year-on-year after 5.9 percent in January. Analysts expected a 5.7 percent February inflation. According to INE, the acceleration of consumer price increases was primarily caused by the increase in electricity and food prices.

In February, consumer prices rose by 1.0 percent compared to January, when a monthly decrease of 0.2 percent was registered

The harmonized annual index of consumer prices (HICP) calculated for EU comparison purposes increased to 6.1 percent in February in Spain from 5.9 percent in January. Experts expected Spanish HICP data of 5.5 percent in February. The harmonized index of consumer prices (HICP), calculated for EU comparison purposes, rose to 1.0 percent in February after a 0.4 percent decrease in January. Analysts had previously expected a February figure of 0.5 percent.

MTI