Spain's 12-month EU-harmonised inflation rises to 2.9% in January
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FILE PHOTO: People spend time at a restaurant in Plaza Mayor in Madrid, Spain, October 5, 2024. REUTERS/Ana Beltran/File Photo
(Reuters) - Spain's European Union-harmonised 12-month inflation rate rose to 2.9% in January, from 2.8% in the period through December, preliminary data from the National Statistics Institute (INE) showed on Thursday.
The 12-month EU-harmonised inflation was slightly above the 2.8% expected by analysts polled by Reuters.
Core inflation, which strips out volatile fresh food and energy prices, was 2.4% year-on-year, the INE data showed.
Spain's 12-month national inflation rose 3.0%, up from 2.8% in December. Analysts polled by Reuters expected a 2.9% rate.
(Reporting by Joao Manuel Mauricio in Gdansk, editing by Inti Landauro)
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