Unemployment rises to 15.5%,  inflation is down:  Spain is suffering a hang over.

In recession from 2008 for the first time since 1968, the country has recorded in March a decline of historic proportions (-0.1%) according to National Statistical Institute (INE).
Whilst the government did not expect to enter  deflation in March despite the falling prices.  

To March over the last year, prices have fallen by 8.2% particularly in transport, with a 22.4% drop in fuel and lubricants prices.

 Food and non-alcoholic beverages, prices have risen by just 0.6%,  the lowest rate since August 1999, due to changes in prices of fresh fish, fresh fruits, sheep meat and poultry and oils, according to INE.
In the catering industry, prices have increased by 2.4%, the lowest  since 1994.

Since summer 2008, the Spanish inflation, which has long been higher than the rest of euro area has declined significantly, reaching 0.7% in February.   Economists are fearing a disastrous  impact on economic activity in the next months.
After a decade of strong growth, Spain abruptly entered into recession in 2008, hit by the international financial crisis and the bursting of its real estate bubble. Unemployment has exploded, reaching a rate of 15.5% in February according to Eurostat, the highest in the euro area.