30.12.201910:56:00UTC+00Spain Inflation At 7-Month High

Spain's consumer price inflation rose to the highest level in seven months in December, data from the statistical office INE showed on Monday.

The consumer price index rose 0.8 percent year-on-year in December, following a 0.4 percent increase in November. A similar rate of inflation was seen in May.

On a month-on-month basis, consumer prices fell 0.1 percent in December.

The EU measure of harmonized index of consumer prices, or HICP, rose 0.8 percent annually in December after a 0.5 percent increase in the previous month. Economists had forecast 1 percent inflation.

On a monthly basis, the HICP edged down 0.1 percent in December.

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