inflation

European economy 2nd April 2025

Inflation in Europe: preliminary data in Germany eases one-tenth in March to 2.2% year-on-year, Portugal from 2.4% to 1.9%

Bankinter | Inflation (preliminary data) in Germany eases one-tenth in March to 2.2% (versus expected 2.2% versus previous 2.3%). Today the EMU CPI was published, standing at +2.2% versus the previous +2.3%. For now, inflation is improving in Germany, Spain (+2.3% versus +3.0% previously) and Portugal (+1.9% versus 2.4% previously), remains stable in France (+0.8%) and is picking up in Italy (+2.0% versus +1.6% previously). Indeed, in Portugal, the preliminary…

In Spain 17th March 2025

Inflation rises to 3%

The National Institute of Statistics (INE) published that the consumer price index (CPI) in Spain rose by 0.4% in February compared to January, a reading that confirms its preliminary figure and aligns with expectations from analysts at FactSet. The groups with the most significant positive monthly impact on the monthly CPI rate were: i) Hotels, cafés, and restaurants, which showed a variation of 0.7%, due to the increase in prices…

Spanish economy 28th February 2025

Inflation in Spain back up to 3%

The National Institute of Statistics (INE) published yesterday that, according to the preliminary reading of the data, the Consumer Price Index (CPI) in Spain rose by 0.4% in February compared to January. Year-on-year, the CPI in Spain increased by 3.0% in February (2.9% in January), a reading that was in line with expectations from the consensus of analysts at FactSet. This development is mainly due to the increase in electricity…

In Spain 31st January 2025

CPI rises two tenths and starts year at 3% due to increase in electricity and gasoline prices

With the advance of the year-on-year CPI in the first month of 2025, inflation has recorded four consecutive months of increases, reaching its highest value since June, when it stood at 3.4%. The INE includes in the advance data of the CPI an estimate of core inflation (excluding unprocessed food and energy products), which decreased by two tenths in January, down to 2.4%. In monthly terms (January 2025 compared to…

In Spain 30th December 2024

Spain’s CPI rises 0.4% in December, reaching 2.8%

The Consumer Price Index (CPI) rose by 0.4% in December compared to the previous month, increasing its year-on-year rate by four tenths to 2.8%, according to preliminary data released on Monday by the National Institute of Statistics (INE). The agency explains that the increase is due to the rise in fuel prices and, to a lesser extent, to the prices of leisure and culture, which increased more in December than…

Spanish economy 28th November 2024

Spain’s CPI growth rebounds to 2.4% year-on-year in November from 1.8% in October

Santiago Martínez Morando, Head of Economic and Financial Analysis at Ibercaja | According to preliminary data, CPI growth rebounded in Spain to 2.4% year-on-year in November from 1.8% in October and the low of 1.5% reached in September, which was the lowest level since March 2021. The CPI is still very much determined by the volatility of energy prices, and the National Statistics Institute (INE) points to the acceleration being…

In Spain 27th September 2024

Spain’s preliminary CPI drops to +1.5% year-on-year in September from +2.3% in August

According to the preliminary estimate from the National Statistics Institute (INE), the CPI slowed down in September in Spain to 1.5% year-on-year, decreasing below the minimum reached in June 2023 (1.9%) to mark the lowest figure since March 2021. The increase in the core inflation rate also moderated, in this case by three tenths (compared to eight in the CPI), down to 2.4%, the lowest since January 2022. The INE…

Relevant News Item 13th September 2024

Spain: Inflation Moderates to 2.3%

According to the final data released yesterday by the National Institute of Statistics (INE), the Consumer Price Index (CPI) remained stable in August compared to July (0.0%). Year-on-year, Spain’s CPI in August was 2.3% (2.8% in July), slightly more than the initially estimated 2.2%, which was expected by the consensus of analysts. The year-on-year groups that stood out most for their influence on the decline in the year-on-year growth rate…

In Spain 29th August 2024

CPI falls six tenths in August to 2.2%; core inflation moderates one tenth to 2.7%

The Consumer Price Index (CPI) stagnated in August compared to the previous month but cut its year-on-year rate by six tenths, to 2.2%, its lowest figure since June 2023, when it stood at 1.9%, according to data released Thursday by the National Statistics Institute (INE). The agency has explained that the moderation of the CPI to 2.2% is due to the cheapening of fuels, which rose in August 2023 and,…

Spanish economy 13th June 2024

Spain: Inflation rises to 3.6% in May

The Consumer Price Index (CPI) rose by 0.3% in May compared with the previous month and raised its year-on-year rate by three tenths to 3.6%, its highest level since April 2023, due to the increase in electricity prices following the rise in VAT on electricity and to the fact that fuel prices fell less than a year earlier, according to the final data published on Thursday by the National Statistics…

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