Spain Posts Official 3.0 % Inflation in December
Spanish consumer prices rose by 3.0 percent over the year to December as a sales tax rise hit shoppers in the pocket, provisional figures showed Wednesday.
The inflation rate was unchanged from November, said a report by the National Statistics Institute, which gave no breakdown of prices in the month.
Prime Minister Mariano Rajoy's right-leaning government raised the top level of sales tax to 21 percent from 18 percent on September 1 as part of an effort to curb Spain's bulging public deficit.
Source: Agence France Presse
| Copyright © 2012 Naharnet.com. All Rights Reserved. | https://cdn.naharnet.com/stories/en/66769 |