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Spanish prices fall by 0.1 pct in August

Xinhua, August 31, 2016 Adjust font size:

Spain's consumer prices fell by 0.1 percent in August when compared with the same month of a year earlier, according to advanced data of the Consumer Price Index (CPI) published on Tuesday by Spain's Statistical Office (INE).

The figure is higher than that of July when consumer prices fell by 0.6 percent year-on-year.

The INE said prices of fuel had fallen less than a year ago while prices of electricity had risen. If this data is confirmed, consumer prices would have been falling for eight months year-on-year in a row.

Meanwhile, the INE reported that prices rose by 0.1 percent from July to August. However, it will confirm this data on Sept. 13, when it will provide more details about the evolution of prices. Endit