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Spain August flash harmonised CPI -0.5 percent year-on-year versus 0 percent in July

MADRID(Reuters) - Spanish EU-harmonised consumer prices fell by 0.5 percent year-on-year in August, preliminary data from the National Statistics Institute (INE) showed on Friday, compared with a consensus forecast of -0.2 percent and a July reading of 0.0 percent.

INE data also showed Spain's national consumer price index fell by 0.4 percent in August on an annual basis, after a rise of 0.1 percent in July.

(Reporting by Sonya Dowsett; Editing by Elisabeth O'Leary)