Spain's EU measure of inflation dropped the most in nearly five-and-a-half years in December, preliminary figures from the statistical office INE showed Tuesday.
The harmonized index of consumer prices, or HICP, fell 1.1 percent annually following a 0.5 percent decline in November. The decrease far exceeded economists' prediction for a 0.7 percent slump.
The latest decline in the HICP was the biggest since July 2009, when it fell 1.3 percent. The HICP has been falling since July this year.
The consumer price index, or CPI, also dropped 1.1 percent annually in the final month of the year after a 0.4 percent fall in November. Economists had expected a 0.7 percent decrease. It was also the biggest fall since July 2009, when the index tumbled 1.4 percent.
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