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Spain's prices fall by 0.3 pct in Nov.

Xinhua, December 16, 2015 Adjust font size:

Spain's consumer prices fell by 0.3 percent in November when compared with the same month of a year earlier, according to data of the Consumer Price Index (CPI) published Tuesday by Spain's Statistical Office (INE).

The rate is 0.4 percent higher than that of October, when consumer prices had fallen by 0.7 percent year-on-year, especially due to higher prices of electricity.

Prices of items related to housing fell by 2.6 percent, those related to transport fell by 4.7 percent while prices of items related to leisure and culture rose by 0.7 percent.

Spain's consumer prices have fallen for four consecutive months year-on-year, falling by 0.4 percent in August, by 0.9 percent in September and by 0.7 percent in October.

Meanwhile, consumer prices rose by 0.4 percent from October to November. Prices of clothing and shoes rose by 5.1 percent, prices of items related to housing rose by 0.6 percent while those related to the hotel industry fell by 0.5 percent and those of food and non-alcoholic drinks decreased by 0.2 percent.

Spain's State Secretary for Economy, Inigo Fernandez de Mesa said on Tuesday that Spain's inflation would end the year close to zero, while in 2016 it would be low, but positive. Endit