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Spain's consumer prices rise by 2.6 pct in April

Xinhua, May 12, 2017 Adjust font size:

Spain's consumer prices rose by 2.6 percent in April when compared with the same month of a year earlier, according to data of the Consumer Price Index (CPI) published on Friday by Spain's Statistical Office (INE).

Prices of items related to leisure and culture rose by 3.4 percent in April year-on-year, those related to housing rose by 5.4 percent and those of hotels, cafes and restaurants increased by 2 percent.

Prices of clothing and shoes rose by 0.3 percent in the fourth month of the year, those of transport rose by 6.2 percent and those of food and non-alcoholic drinks increased by 1.1 percent.

Spain's consumer prices have been rising for eight consecutive months on a year-on-year basis after eight months of negative rates.

The INE also reported that consumer prices rose by 1 percent from March to April with prices of clothing and shoes rising by 10.2 percent, those of leisure and culture increasing by 1.5 percent and those related to the hotel industry and transport rising by 1 percent and 0.5 percent respectively.

On the other hand, prices of food and non-alcoholic drinks fell by 0.1 percent.

Spain's State Secretary for Economy, Irene Garrido, said the CPI rise was temporary due to the Easter period, stating that the rate would fall again in the second semester of the year, according to the government predictions. Endit