By Ed FranklSpanish inflation fell in February on lower electricity prices, dipping below 3% for the first time since August. The country's consumer-price index rose by 2.9% on an annual basis in February, down from a 3.5% rise in January, according to figures published Thursday by national statistics agency INE. In national terms, inflation dipped to 2.8% from 3.4% in January, mainly driven by a drop in electricity prices, as well as more stable food prices, INE said. Meanwhile, core inflation, which strips out the more volatile effects of unprocessed-food and energy prices, slowed again to 3.4% in February from 3.6% last month, again in national terms, the data said. Data published earlier Thursday showed inflation slowed in France in February.

Source: Wall Street Journal February 29, 2024 08:24 UTC