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Investing.com -- Spain's 12-month inflation rate, harmonized with the European Union, dropped to 2.2% in March, according to the final data released by the National Statistics Institute (INE) on Friday.
This figure confirms the initial flash reading of the 12-month European Union-harmonized inflation rate released two weeks ago and aligns with the average estimate from analysts.
The core inflation rate, which excludes the fluctuating prices of fresh food and energy, was reported at 2% for the 12 months through March.
This is a slight decrease from the 2.2% reported in the period through February, and matches the 2% flash reading reported two weeks ago by the INE.
On a national level, Spain's consumer prices rose 2.3% in the 12 months through March, a decrease from the 3% reported in the period through February.
This final figure of 2.3% validates the flash estimate released by INE two weeks ago and matches the forecasts by analysts at 2.3%.
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