Spain Posts Official 3% Inflation in December

Spain Posts Official 3% 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.

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