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…
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…
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.
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…
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…
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….
Bankinter : October’s final CPI is confirmed at +3.5% year-on-year preliminary and equal to the previous one. The Underlying figure moderates to +5.2% year-on-year, in line with the preliminary announcement and from +5.8% previously. On a month-on-month basis, the anticipated data are also confirmed; the headline rate rises +0.3% year-on-year and the core +0.4% year-on-year. Assessment: The final data confirms a positive evolution in October, as the preliminary data already…
The National Statistics Institute (INE) published on Friday that, according to the final estimate of the data, the consumer price index (CPI) rose in September by 0.2% compared to August. In year-on-year terms, the CPI rose by 3.5% in September (2.6% in August). In the month and in year-on-year terms, the groups that most pushed up inflation were Housing, which increased its variation by almost five points, to -13.1%, mainly…
The increase in electricity and fuel prices has raised the general inflation rate in September to 3.5%, which is nine tenths of a percentage point higher than in the same month last year and its highest level since April.For its part, the underlying rate moderated by three tenths, to 5.8%, the lowest value since June 2022, according to the leading indicator of the National Statistics Institute (INE). As the INE…
The Consumer Price Index (CPI) increased by 0.5% in August compared with the previous month and raised its year-on-year rate by three tenths of a percentage point to 2.6%, mainly due to the rise in fuel and liquid fuel prices. With August’s rise, inflation has now risen for two consecutive months, after rising four tenths of a percentage point in July to 2.3%, according to advanced data published on Wednesday…