Spain's prices fall by 0.6 pct in April
Xinhua, May 14, 2015 Adjust font size:
Spanish prices fell by 0.6 percent in April when compared with the same month of a year earlier, according to data of the Consumer Price Index (CPI) published on Wednesday by the National Institute of Statistics (INE).
The annual inflation rate of April is 0.1 percent higher than that of March, when Spanish prices fell by 0.7 percent.
According to the INE, prices of transport fell by 3.4 percent in April on a year-on-year basis, a smaller fall than in March due to higher prices of fuel and lubricants.
Prices of items related housing and those related to leisure and culture fell by 1.9 percent and 1.3 percent respectively while those of hotels, cafes and restaurants increased by 0.6 percent.
On the other hand, Spain's consumer prices increased by 0.9 percent from March to April, especially due to higher prices of clothing and shoes that rose by 10.6 percent.
Prices of transport rose by 0.6 percent and prices of hotels, cafes and restaurants along with prices of leisure and culture rose by 0.7 percent and 0.5 percent respectively.
Despite the fact that Spain's consumer prices rose on a month-to-month basis, they have been falling for 10 consecutive months on a year-on-year basis. Enditem