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Spain's consumer prices rise 0.7 pct in Oct

Xinhua, November 16, 2016 Adjust font size:

Spain's consumer prices rose 0.7 percent in October when compared with the same month of a year earlier, according to data of the Consumer Price Index (CPI) which was confirmed by Spain's Statistical Office (INE) on Tuesday.

The figure is 0.5 percent higher than the annual inflation rate of September when prices rose by 0.2 percent year-on-year and coincided with the advanced data provided by the INE by the end of October.

The figure is also the highest since August, 2013.

According to the INE, prices of items related housing fell by 0.4 percent, prices of transport rose by 1.7 percent, prices of food and non-alcoholic rose by 0.3 percent and those of items related to leisure and culture fell by 1.9 percent.

The Spanish annual inflation rate has been rising for two consecutive months year-on-year after rising by 0.2 percent in September and 0.7 percent in October. September marked the first positive rate in nine months.

Meanwhile, on a month-to-month basis, prices of clothes and shoes rose by 11.2 percent, prices of items related to housing increased by 2.1 percent and those of transport rose by 1.2 percent.

On the other hand, prices of items related to leisure and culture fell by 1.3 percent and those related to the hotel industry fell by 0.2 percent. Endit