Preliminary CPI in Spain repeats at 3.5% in October, but core moderates to 5.2%

Bankinter: Preliminary CPI for October repeats at +3.5% year-on-year (vs. +3.8% expected and from +3.5% previously). The Underlying figure slackens to +5.2% year-on-year (compared to +5.6% expected and from +5.8% previously). On a month-on-month basis, the headline rate rebounds +0.3% and the core +0.4%. More details are available in the press release from the National Statistics Institute linked here. According to Bankinter experts, “the figure is better than expected. Headline…

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Consumers’ one-year inflation expectations to rebound (+4.2% vs. +3.9%) for first time in 10 months

Renta 4 : European opening with slight gains (Eurostoxx futures +0.4%, S&P futures -0.1%), on a day of numerous 4Q22 results in Spain. In the background, and on the day that marks one year of war in Ukraine, a peace proposal presented by China that does not seem to have the support of the US and the EU. Today’s macro focus will be on the US core private consumption deflator…

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Eurozone final CPI could be revised slightly upwards to 8.6% with underlying at 5.2%

Renta 4 : European stock markets open slightly higher (Eurostoxx futures +0.3%, S&P futures +0.4%), supported by Nvidia which raises its guidance (IA) and boosts Nasdaq futures (+0.8%). On the macro front, the focus of the session will be on the eurozone January final CPI, which could be revised slightly higher to +8.6% overall (vs +8.5% preliminary and +9.2% previously), with core CPI stable at yearly highs +5.2%. This maintenance…

Inflation Spain

Spain CPI drops one percentage point to 5.8% in December; but underlying rises to 6.9%

CdM | Spain CPI dropped one percentage point to 5.8% in December from a year earlier, thanks to the fall in electricity and fuel prices. However food prices remained through the roof, according to preliminary data from the National Statistics Institute (INE) on Friday. Core inflation, which strips out volatile fresh food and energy prices, stood at 6.9% year-on-year in December, up from 6.3% in November, INE said. Consumer prices…

Spain CPI

Inflation slows yr-on-yr in October to 7.3% on lower electricity, gas prices

The Corner|Consumer prices rose 7.3% in October from a year earlier, slower than the 8.9% increase in September, according to preliminary data from the National Statistics Institute (INE) on Friday. This is the lowest reading since January, when the CPI rate stood at 6.1%. A fall in electricity prices compared to the same period last year and more moderate gas prices were factors behind the slowdown in October, INE said….

Spain inflation

Spain July inflation rate confirmed at 10.8%; highest level since September 1984

Spain’s inflation rate rose to 10.8% in July year-on-year, as confirmed by the National Statistics Institute (INE) on Friday. The figure is six tenths of a percent higher than that recorded in June and represents the highest level since September 1984. The INE had given an advance of the July CPI figure at the end of last month. Inflation has now been over 10% for two months in a row,…

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Spain CPI Soars 1 Percentage Point In March To 1.3%, Its Highest Level In Almost Two Years

The Consumer Price Index (CPI) rose by 1% in March compared to the previous month, taking it to 1.3%, almost 1.5 points higher than in February (0.0%), according to preliminary data published today by the National Statistics Institute (INE). With this upturn, with which the annual CPI marks its third consecutive positive rate, inflation climbs to levels unseen for almost two years. In fact, such a high CPI rate had not been reached since April 2019, when it stood at 1.5%.

Spain inflation

Average Annual CPI Rate For This Year And Next Cut To -0.3% And 0.7%, Respectively By Funcas

Prices in Spain fell by 0.4% in September from a year earlier. This means six months of negative yearly rates since the outbreak of the COVID-19 pandemic. In view of these figures, economists at Funcas have cut by one and two tenths of a percentage point their forecasts for the average annual CPI rate for this year and next to -0.3% and 0.7%, respectively. This is because crude has been trading in recent weeks in the range of $ 41, below the level seen in its previous scenario of projections.

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Eurozone Average CPI 1.5% In 2017 vs 0.2% In 2016

Today we will have Eurozone CPI data, without any surprises on the horizon. The average EMU CPI rate will come in at 1.5% in 2017 compared with 0.2% in 2016. This is after a year when the annual inflation rate actually reached 2% in February when the increasing effect of energy prices was at its most aggressive.


Spain CPI up 0.6% mth-on-mth; but yr-on-yr trend still negative

The day after Draghi warned about greater than expected weakness in Eurozone inflation data, Spain’s final October inflation number has been published, confirming the -0.7% year-on-year preliminary figure. But despite the fact inflation remains in negative territory, the CPI rose 0.6% month-on-month.