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Spanish economy 28th October 2022

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

Relevant News Item, Spanish economy 12th August 2022

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,…

electricity prices

Spanish economy 30th March 2021

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

Spanish economy 21st October 2020

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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In Europe 17th January 2018

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.

gasolinaTC

Spanish economy 13th November 2015

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.