Inflation & Prices
Spanish Inflation Eases More Than Expected in Boost for ECB
- November consumer prices rose 6.6% from year ago; est. 7.1%
- Price data are first this month from a major euro-area economy
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Spanish inflation eased for a fourth month and by more than expected, reinforcing expectations for a wider slowdown in European prices and offering some comfort to the government whose aid measures have brought record budget spending.
Consumer prices advanced by 6.6% from a year ago in November, down from the previous month’s 7.3% advance, the statistics institute said Tuesday. That’s below the 7.1% median estimate in a Bloomberg survey of economists.