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Inflation eases on back of cheaper fuel

AFP
AFP - [email protected]
Inflation eases on back of cheaper fuel

Spanish inflation eased to 2.6 percent in March on a 12-month basis from 2.9 percent in February, mainly owing to lower prices for motor fuels, figures published on Friday by the national statistics institute INE showed.

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More moderate increases in food prices also helped curb the seasonally-adjusted rise in Spain, the fourth biggest eurozone economy, INE added in a statement.

Average inflation peaked at more than 3.0 percent late last year in Spain, following an increase in September of value-added taxes (VAT).

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