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Spain’s December flash CPI rises to 6.7% y/y, highest since 1989 -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – Shipping containers can be seen at Barcelona’s port, Spain. This is because fuel and food costs are driving Spanish inflation to a 29-year high amid the Spanish coronavirus pandemic (COVID-19), in Barcelona, Spain. REUTERS/Nacho Doce

(Reuters] – The Spanish Consumer Prices rose 6.7% annually in December to 6.7%, which is the fastest rate since 1989. Flash data from the National Statistics Institute, (INE) was released on Thursday.

Inflation rates for November and December were 5.5%, while analysts polled at Reuters predicted an inflation rate of 5.7% in 2021.

INE data revealed that Spain’s EUharmonised consumer price Index increased 6.7% in December on an anual basis. This is up from 5.5% in November. Reuters polled analysts expecting a 5.8% increase.

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