Spain's inflation eases in March

Inflation measured by harmonized price index in Spain slowed down notably in March mainly due to a significant decline of communication costs, which fell by 4% on an annual basis, the latest data released by the statistical office INE showed on Tuesday. The harmonized price index dropped to 1.5% after it recorded 2.6% in March, while consumer price index slowed to 1.4% from 2.4% in March.