inflation

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Spain: inflation at 2.8% with core at 3.5% and food at 5.3%

According to the final reading of the data, released yesterday by the National Statistics Institute (INE), Spain’s consumer price index (CPI) rose by 0.4% in February compared to January, slightly more than the 0.3% initially estimated and which was expected by analysts at FactSet analysts.On a year-on-year basis, Spain’s CPI in February, according to the final reading, was 2.8% (3.4% in January), with food rising to 5.3%, which was in…


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G20 considers global inflation close to being “effectively tamed”

The G20 finance ministers, meeting in São Paulo (Brazil), consider that inflation is not far from being “effectively controlled” and affirmed that they will continue to pay “close attention” to its trajectory in order to avoid an upturn, Brazilian official sources reported on Thursday. The director of International Affairs of the Central Bank of Brazil, Paulo Picchetti, who participated in the two days of work of the G20 Finance, said…


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Inflation in Spain falls to 2.8% in February due to lower electricity prices; core inflation at 3.4%

Renta 4| The Consumer Price Index (CPI) rose by 0.3% in February compared to the previous month but cut its year-on-year rate by six tenths to 2.8%, due to lower electricity prices and stable food prices, according to data released on Thursday by the National Statistics Institute (INE) and reported by Europa Press. On the other hand, fuel prices rose in February. With the fall in the year-on-year CPI in…


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Spain’s industrial prices rise in January to -3.8%: energy up, non-durable consumer goods down

CdM | The annual rate of the general Industrial Price Index (IPRI) was -3.8% in January, 2.5 points above that recorded in December of the previous year. By economic destination of the goods, among the industrial sectors that had a positive influence on the evolution of the annual rate of the general IPRI, the following stood out: Energy, with a rate of -12.6%, eight points above that of the previous…


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Spain: CPI rises to 3.4% in January, core inflation down to 3.6%

The CPI rises 3 tenths of a percentage point in January to 3.4%, according to the data released by the INE, due to the rise in electricity prices and despite the drop in petrol prices. Thus, inflation is once again rising after two consecutive months of falls and is at its highest level since last October, when it reached 3.5%. For its part, core inflation moderated by two tenths of…


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US: PCE moderates to 2.9% in December, 11 months of improvement

Bankinter| The Underlying Personal Consumption Expenditures (PCE) moderated to 2.9% year-on-year in December 2023 (from 4.9% Dec 2022). The Personal Consumption Expenditures rebounded to 2.6% year-on-year; 0.2% month-on-month as anticipated (from negative 0.1% average). The Underlying Deflator improved to 2.9% year-on-year (from 3.2% pre and 3.0% expected). Month-on-month it met the 0.2% estimate (0.1% month-on-month previously). Personal Income was up 0.3% month-on-month, meaning no surprises. Personal Spending rose 0.7% m/m…


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Inflationary pressure eases: Spain’s producer prices fall 0.3% in December

BancaMarch: In Spain, industrial producer prices fell again in December. Specifically, they registered a fall of -0.3% month-on-month, which brings the drop compared to the same period last year to 6.3% from the previous 7.6%. Data that continue to show lower inflationary pressures, derived from lower energy prices compared with the high levels recorded in 2022.


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Final CPI in Spain confirms 3.1% in December 2023 and core CPI 3.8%; gap between the two decreases +0.7 pp from previous +1.3

Bankinter : Final CPI December 2023 confirms +3.1% year-on-year (from +3.2% year-on-year previous and expected). Underlying CPI also confirms +3.8% year-on-year (from 4.5% year-on-year before). In month-on-month terms, 0.0% month-on-month (from -0.3% month-on-month in November) and in the Underlying +0.2% month-on-month (from +0.1% month-on-month in November). Assessment: No surprises, preliminary data are confirmed. This is fully in line with our estimates in Strategy 2024 (year-end +3.1% year-on-year and annual average…


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CPI falls to 3.2% in November

The Consumer Price Index fell by 0.3% in November, according to the National Statistics Institute (INE), reaching a year-on-year rate of 3.2%. Core inflation also fell in November, reaching 4.5%, its lowest level since April 2022. The Consumer Price Index (CPI) fell by three tenths in November, reducing its year-on-year rate to 3.2%, according to data published by the National Statistics Institute (INE). One of the main reasons for this…


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Spanish CPI moderates to 3.2% in November, core inflation to 4.5%, narrowing the gap between the two

CdM| The Consumer Price Index cut its year-on-year rate by three tenths to 3.2% (compared to the 3.6% expected), thanks to lower fuel and package holiday prices, and a less pronounced rise in those of food, than that experienced a year earlier, Europa Press reported yesterday, according to data released by the National Statistics Institute (INE). On the other hand, electricity prices fell less than they did in November 2022….