People walk past a shop displaying Black Friday sales signs, during Black Friday in Ronda, Spain November 24, 2023. REUTERS/Jon Nazca/File Photo
Spain’s 12-month inflation rate fell to 3.2% in November, preliminary data from the National Statistics Institute (INE) showed on Wednesday.
The 12-month inflation was lower than the 3.5% rate in October and lower than the 3.7% expected by analysts polled by Reuters.
Core inflation, which strips out volatile fresh food and energy prices, was 4.5% year-on-year, the slowest rate since 4.4% the 12 months through April 2022, the INE data showed.
Spain’s European Union-harmonised 12-month inflation was 3.2%, down from 3.5% in October and below the 3.7% expected by analysts polled by Reuters.
Reporting by Matteo Allievi, editing by Inti Landauro
