Spain consumer prices declined further in November, as initially estimated, final data from the statistical office INE showed on Friday.

The consumer price index declined 0.8 percent year-on-year in November, the same rate of decrease as seen in October, as estimated.

Prices for housing declined 2.2 percent yearly in November. Prices for food and non-alcoholic beverages decreased 1.3 percent and leisure and culture fell by 0.9 percent.

On a month-on-month basis, consumer prices gained 0.2 percent in November, after a 0.5 percent rise in the prior month, as initially estimated.

The EU measure of harmonized index of consumer prices, or HICP, fell 0.8 percent in November versus a 0.9 percent decrease in the initial estimate. In October, the HICP declined 0.9 percent.

On a monthly basis, the HICP rose 0.1 percent in November. This was in line with the initial estimate.

The material has been provided by InstaForex Company – www.instaforex.com

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