Spain’s deflation not as great as first thought

Published April 11, 2014 9:31am ET



MADRID (AP) — Spain’s statistics office says prices were 0.1 percent lower in March than the year before, slightly less than the previous estimate of 0.2 percent.

The figures released Friday by the National Statistics Institute may ease concerns that the country will suffer a prolonged bout of deflation, or falling prices. Deflation can weigh on growth by prompting consumers to delay purchases and businesses to refrain from investing.

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