Spanish inflation accelerated further above the European Central Bank’s price stability mandate, coinciding with an increase in utility bills.
Consumer prices, calculated using an EU-harmonized method, rose 3 percent in February from a year earlier, according to preliminary data released by the Madrid-based National Statistics Office. Economists surveyed by Bloomberg predicted an increase of 3.1 percent. From January, prices fell 0.3 percent, with electricity costs contributing to the decline.
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