inflation

Spanish economy 30th November 2022

Inflation falls to 6.8% in November due to the lower cost of electricity and petrol. Core inflation rises to 6.3%

The Consumer Price Index (CPI) fell by one tenth of a percentage point in November compared to the previous month and cut its year-on-year rate by half a point to 6.8%. This is its lowest figure since January, just before war broke out in Ukraine, when the CPI stood at 6.1%, according to advanced data published on Tuesday by the National Statistics Institute (INE). In the midst of European economic…

Spanish economy 15th November 2022

CPI falls to 7.3% in October, with food up 15%.

The Consumer Price Index (CPI) increased by three tenths of a percentage point in October compared to the previous month and suddenly cut its year-on-year rate by 1.6 points to 7.3%. This is the lowest figure since January, just before war broke out in Ukraine, when the CPI stood at 6.1%, according to the final data published today by the National Statistics Institute (INE). The body has thus maintained the…

European economy 31st October 2022

There is No Sign of Respite in Inflation Data In Europe

German inflation in October was 11.6%, well above expectations, Italian inflation was 12.8% and French inflation was 7.1%, all higher than expected and higher than last month. The components will be released mid-month, but some regional figures in Germany show that the big contributors to price increases continue to be energy costs and food. In Spain, inflation slowed yr-on-yr in October to 7.3% on lower electricity, gas prices. Also, in…

European economy 31st October 2022

Fewer German Companies Plan to Increase Prices

ifo| Somewhat fewer German companies are planning to raise their prices soon than in the previous month, finds the ifo Institute’s latest survey. For the economy as a whole, the ifo price expectations for the coming months fell to 51.5 points in October, down from 53.8 points* in September. Trade and manufacturing in particular are planning fewer increases, while price expectations are rising among service providers and in construction. “The…

Spanish economy 15th October 2022

September CPI rate falls to 8.9% vs 10.8% in July

CdM | In September, prices eased once again and moved away from double-digit figures. The CPI rate fell 1,6 points year-on-year, more than estimated, according to the final figures released by the National Statistics Institute (INE). Underlying inflation also declined, to 6.2%, after 14 months of continued increases. We should recall that the headline inflation rate reached its highest peak since September 1984 in the month of July, when prices rose 10.8%….

Spanish economy 16th September 2022

Moody’s Rates Spanish Companies As The Most Profitable In Europe Due To Their Ability To Raise Prices

The credit rating agency Moody’s has indicated that Spanish companies are the most profitable among the main European countries (United Kingdom, France, Italy and Germany) due to their greater ability to raise prices, according to a report published on Thursday. “Although the sample is small, on average these [Spanish] companies have higher profitability at all percentiles, which suggets a greater ability to pass on costs to consumers and offset inflationary…

Spanish economy 14th September 2022

Inflation Is At 10.5%, And Food Inflation At 13%

The INE confirmed yesterday that inflation continues to run rampant: it closed August at 10.5% year-on-year, its highest rate in 38 years. Although this figure is three tenths of a percentage point lower than in July, it is one tenth of a percentage point higher than the figure at the end of last month and is the result of both the rise in electricity prices, which continues despite the cap…

Spanish economy 12th September 2022

The CNMC Considers The Plan Of Yolanda Díaz, Who Will Today Ask Supermarkets To Limit Prices, To Be Illegal

The Second Vice-President of the Government, Yolanda Díaz, plans to meet this Monday with the distribution sector to ask them to limit the prices of certain products in the shopping basket. Díaz will thus put pressure on the sector to “contribute through its business margins to an affordable and quality basket”. But on Friday, the National Commission for Markets and Competition (CNMC) advised against this measure, which is “expressly prohibited”…

Spanish economy 9th September 2022

Can The European Central Bank Subdue Inflation?

J.P. Marín-Arrese | Pressed by a skyrocketing headline and core inflation, the ECB took the boldest step in its history when it raised rates by 75 basis points. Further hikes will follow in a desperate attempt to curb the current price spiral. Will they achieve this goal? For all the bombastic claims made by Christine Lagarde, there is good reason to doubt the ECB might solve such an entrenched problem….

European economy 6th September 2022

Inflation Expectations Not Yet Decoupled From The Official ECB

Crédito y Caución (Atradius) | High inflation is the current hot economic topic. In June, inflation was running at over 11% in the Netherlands1; for the eurozone it was nearly 9%, which is surely a record. It is also sure that the inflationary bite is being felt, particularly in the purchasing power of lower income groups. The question is, how long will this high inflation last? In recent months, energy…

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