Spain Inflation Accelerates In September

Spain Inflation Accelerates In September

Spain's inflation accelerated as estimated in September on an increase in sales tax, final data from statistical office INE showed Thursday.

EU harmonized inflation rose to 3.5 percent annually in September from 2.7 percent in August. The rate matched flash estimate published on September 28.

Core inflation that excludes energy and food prices came in at 2.1 percent in September, up from 1.4 percent a month ago.

At the same time, consumer price inflation climbed to 3.4 percent from 2.7 percent last month. The rate was initially estimated to rise to 3.5 percent.