Spanish consumer price inflation cooled in November, but topped the market forecast, numbers on Friday showed.
INE said consumer prices rose 3.0% annually in November, easing from a 3.1% rise in October. Nonetheless, the reading was loftier than expected, as a deeper slowdown to 2.9% had been forecast according to consensus cited by FXStreet.
On-month, consumer prices rose 0.2% in November, easing from a 0.7% rise in October from September.
On a harmonised basis, allowing for EU-wide comparison, consumer prices advanced 3.1% on-year in November, cooling from 3.2% in October. On-month, prices were steady in November from October. They had risen 0.5% in October from September.