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Spanish inflation falls more than expected to 2.4%

Summary by Reuters
Spain's EU-harmonised annual inflation fell to 2.4%, its slowest pace in a year, thanks to lower fuel and food prices, preliminary data released by the National Statistics Institute (INE) showed on Thursday.

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Inflation in Spain fell again, registering the third consecutive reduction. In August, the inflation rate stood at 2.2%, the Spanish statistical office confirmed. This is a decrease of six percentage points (p.p.) compared to the 2.8% achieved in the previous month. Economists expected inflation to fall to 2.4%, but the rate managed to fall more than expected. According to data from the Spanish INE, the decrease is due to the fall in fuel prices…

·Portugal
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inFranken.de broke the news in on Thursday, August 29, 2024.
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