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Spain September final CPI at 4.0%, the fastest pace in 13 years By Reuters

by Mike Robinson

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© Reuters. FILEPHOTO: This is a woman making purchases at a fruit and vegetable shop in Seville (Andalusian capital), southern Spain, March 7, 2016. REUTERS/Marcelo del Pozo/File Photo

(Reuters.) – The Spanish National Statistics Institute reported that September saw a 4.0% increase in consumer prices, which is the fastest rate of growth since September 2008, and was in line to Reuters’ forecast. This compares to 3.3% in August.

Spanish European Union Harmonized Prices rose 4.0% compared to a year ago, which is also a 13-year-record high.

Core inflation (which excludes volatile food and energy prices) was 1.0% in the past year, as opposed to 0.7% one month prior.

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