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Spain's prices fall by 0.1 pct in August

Xinhua, September 14, 2016 Adjust font size:

Spain's consumer prices fell by 0.1 percent in August compared with the same month of a year earlier, according to data 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 and meant that the country's consumer prices have been falling for eight consecutive months year-on-year.

The INE said that prices of transport fell by 1.9 percent in August year-on-year, those of items related to housing fell by 4.4 percent while those of leisure and culture, other services and food rose by 0.2 percent, 1.8 percent and 1.8 percent respectively.

On the other hand, consumer prices rose by 0.1 percent on a month-to-month basis, with prices of leisure and culture rising by 1.6 percent, those related to the hotel industry increasing by 0.3 percent and those related to communications rising by 0.8 percent.

Meanwhile, prices of clothes and shoes fell by 1.3 percent. Endit