Inflation in Spain rose by four tenths in December compared to previous month

inflationExpectation of rising inflation

Spain CPI stood at + 0.8% in December, following estimates and preliminary data. This means an increase of + 0.4%. Core inflation, which eliminates more volatile elements, stands at + 1% year-on-year, just like the previous one. In inter-monthly terms 0% and + 0.3% above.

Inflation continues at a reduced level and reflects that there is no tension on the price side. In fact, it remains below the EU’ average (+ 1.3% in December), which allows Spain to continue gaining competitiveness via prices.

The impact on the market will be moderate.

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.