Spain's inflation rate fell in
November, down 0.6 percent to 2.9 percent compared with 3.5 percent
in the previous month, the Spanish National Institute of Statistics
(INE) said on Thursday.
The INE said the decrease was mainly due to fall in transport prices by 3.1 percent as a result of the fall in the cost of fuel and new vehicles.
This November inflation rate was important to adjust pensioner's purchasing power to the general prices increase.
However, the Spanish government has already announced they cannot afford to cover the full inflation rate in the 2013 pensions, announcing instead, that most pensions will increase by 1 percent while those earning a pension below 1,000 euros (1,306 U.S. dollars) a month will enjoy a 2 percent increase.
Most Popular Stories
- Facebook, Twitter Announce Apps for Google Glass
- Will Yahoo Splurge on $1-Billion acquisition of Tumblr?
- European Car Sales up First Time in 20 Months
- 'Star Trek Into Darkness': The Return of Khan?
- Google Fiber Making an Impact
- Entrepreneurs Chase Social Media
- Exciting Night for UFC Fans
- Teen Drivers Should Be Prepared for Any Car-Related Situation
- Summer Movies Aimed at Young Men, Teen Boys
- RFD-TV launches on Charter Cable