Spain’s inflation slows down

PRICE RISES: Cost of medicine and education soar.

SPAIN’S retail price index (IPC) last month rose by 0.4 per cent compared with March. Despite this increase, year-on-year inflation eased to 1.4 per cent, the lowest since 2010 according to statistics’ office INE.  This was 1.3 percentage points below the 2.7 per cent registered at the start of the year.  

Falling house and energy prices, together with cheaper transport owing to lower fuel costs, helped to peg last month’s IPC. Clothes and footwear rose by 10 per cent. Alcoholic drinks and cigarettes increased by 5.2 per cent, and medication and medical material rose by 26.3 per cent and university education by 22.3 per cent.

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