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Spanish Annual Inflation Rate Grows in August, Flash Data Shows

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Spain's annual inflation grew to 4.3% in August from 3.6% in July, according to provisional data from the National Statistics Institute published Friday.

The reading is above the consensus estimate of 4.2%

On a monthly basis, consumer prices in Spain were up 0.7%, against the previous 0.3% rise.

The Spanish annual harmonized inflation rate came in at 4.5%, higher than the previous 3.9% and below the market forecast of 4.6%. Month over month, harmonized consumer prices gained 0.6%, compared with the flat reading earlier.

Meanwhile, the country's annual core inflation rate fell to 2.9% from 3%.

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