Consumer prices hike 3.3% in Spain last month, due to higher energy prices

The annual inflation rate in Spain was at 3.3% in March, up from 2.3% in February, official figures showed on Tuesday, related to increasing energy prices amid ongoing tensions in the Middle East.

Electricity, gas and other fuels' prices rose by 3.3% year-on-year in March, after decreasing 1.1% in February.

Transport item posted highest annual hike with 5.3% in March.

On a monthly basis, consumer prices posted an increase of 1.2% in Spain, after increasing 0.4% in February and decreasing 0.4% in January.