Spain's Inflation Rate Climbs to 2.9% in January 2023
(Reuters) - Spain's European Union-harmonised 12-month inflation rate rose to 2.9% in January from 2.8% in the period through December, final data released by the National Statistics Institute, or INE, showed on Friday.
The INE's final data of 2.9% confirmed the flash reading of 12-month European Union-harmonised inflation released two weeks ago and the average estimate from analysts polled by Reuters.
Core inflation, which strips out volatile fresh food and energy prices, was 2.4% in the 12 months through January, down from 2.6% in the period through December, INE said.
Spain's 12-month national consumer prices rose 2.9% in the 12 months through January, up from 2.8% in the period through December.
The final data of 2.9% was below both the flash estimate released by INE two weeks ago and the forecasts by analysts polled by Reuters at 3.0%.
(Reporting by Tiago Brandao, editing by Inti Landauro)
