Spain's CPI for November came in at 0.5%, lower than both estimates and the preceding readings of 0.6% and 0.7% respectively. However, the monthly reading surged to 0.3% from -0.7%, yet lower than forecasts of 0.3%.

CPI core index, inched up to 0.2% from both previous and predicted readings of 0.1%, while it slid to 0.4% on the month from the previous 0.9% and projections of 0.3%. The annual EU Harmonised reading matched both estimates and the previous readings of 0.4%, whereas it declined to 0.5% compared with October's reading of 0.7% and analysts anticipations of 0.6%.