Spain's August inflation higher than market estimates

ANKARA

Spain’s annual consumer inflation rate was at 10.5% in August, higher than market estimates, according to the final reading released on Tuesday.

The figure eased from July’s 38-year high of 10.8%, marking the first slowdown in four months.

The first reading for August showed a 10.4% year-on-year rise in consumer prices.

On a monthly basis, Spain’s consumer price index increased 0.3% in August after a 0.3% drop in July, according to the National Statistics Institute.

Core inflation, which excludes energy, food, alcohol and tobacco, stood at 6.4% in August, the highest since 1993, the institute said.
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