Prices falling in Spain, too

Prices have been confirmed to have fallen in Spain for the first time in March, down by -0.1% in the annual IPC released by the INE, National Statistics Institute.

 The fall of 0.8% in March, compared to February, was caused by reductions in the prices of petrol, foodstuffs and wining and dining. The Government says that there is no risk of deflation however as there is not a general fall in prices with prices in March 0.2% higher than in February.