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Spain inflation remains stable in November

Staff Writer |
Spain's inflation held steady in November, flash data from the statistical office INE showed.

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Consumer prices climbed 0.7 percent year-on-year in November, the same pace of growth as seen in October. Prices have been rising for three straight months. Inflation was forecast to ease to 0.5 percent.

The harmonized index of consumer prices logged a stable annual growth of 0.5 percent in October. Economists had forecast the rate to slow to 0.4 percent.

On a monthly basis, consumer prices moved up 0.3 percent, slightly faster than the expected growth of 0.2 percent. Similarly, harmonized consumer prices climbed 0.2 percent versus the 0.1 percent expected rise.


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