(Reporting by Belén Carreño and Joao Manuel Mauricio in Gdansk,
editing by David Latona)
(Adds detail on drivers)
April 28 (Reuters) - Spain's consumer prices rose 4.1%
in April year-on-year, an increase compared to March but below
analyst expectations and inflation data from other European
countries, preliminary data from the National Statistics
Institute (INE) showed on Friday.
In March, inflation slowed to 3.3% - the lowest since August
2021 - mainly due to a so-called "base" statistical effect, as
energy prices had spiked in the same month a year earlier.
Spain's European Union-harmonised 12-month inflation was
3.8%, up from 3.1% in March and below the 4.1% average
expectation from analysts polled by Reuters.
Core inflation, which strips out volatile fresh food and
energy prices, was 6.6% year-on-year, down from 7.5% in the
period through March, the INE data showed.
INE said in a statement that food prices saw a smaller
surge than in April last year, which slowed the overall rise in
prices, although the data will not be broken down by category
until the publication of final inflation figures.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.