inflation

European economy 4th March 2023

Eurozone inflation falls to 8.5% in February but underlying hits record high of 5.6%

CoM | Eurozone annual inflation falls to 8.5% in February 2023, down from 8.6% in January, according to a preliminary estimate by Eurostat, the statistical office of the European Union. However, core inflation did not find a ceiling and rose again for another month, reaching a record high of 5.6%. With regard to the main components of inflation in the euro zone, food, alcohol and tobacco recorded the highest annual…

450px Frankfurt European Central Bank with Euro 2

Relevant News Item 28th February 2023

ECB in difficult position: facing both uncomfortably high price levels and deterioration in the cycle.

Renta 4 : A flat European opening, in a session in which around 25 of our companies in coverage will publish 4Q22 results and where the macroeconomic focus will be on the first inflation data for February in Europe. On the Japanese side, consumption in January was good (retail sales +1.9% vs +0.4%e and +1.1% previously) but manufacturing was weak (industrial production -4.6% vs -2.9%e and +0.3% previously). Today we…

Spanish economy 28th February 2023

Spain: inflation up to 6.1% in February, core inflation at 40-year high of 7.7%

In Spain, the Consumer Price Index (CPI) rose by 1% in February compared to the previous month and raised its year-on-year rate by two tenths of a percentage point to 6.1%, due to higher energy and food prices, according to advanced data published on Tuesday by the National Statistics Institute (INE). With the rise recorded in the second month of 2023, inflation has risen for two consecutive months in its…

European economy 25th February 2023

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…

Relevant News Item, World economy 15th February 2023

One step forward, two steps backward for inflation: data starts to look more erratic after first big downward adjustments in late 2022

Santander Corporate & Investment | There are no divisions here, inflation data are undoubtedly starting to look more erratic after the first big downward adjustments at the end of 2022, falls that raised hopes of a pivotal moment for central banks and explained a large part of the unprecedented January rally in the markets. Base effects will be the main ally for much of 2023, but our economists believe that…

In Spain, Spanish economy 15th February 2023

Spain: Inflation up to 5.9% in January, core inflation soars to 7.5%

2023 has started with a new jump in the CPI, to 5.9%, after the decline that started in July last year from a record high of 10.8%. Clothing and transport lead the rise this month. And, although food is down slightly, some groups, such as fish, are starting to pick up again in the monthly statistics. Core inflation continues to soar, rising above the headline CPI for the first time…

Spanish economy 30th January 2023

Inflation in Spain rises to 5.8%, one point higher than expected

Banca March : This morning, the preliminary inflation figure for Spain was published, which came as a surprise in January, rising by one tenth of a point compared with the previous figure to +5.8% year-on-year, well above the +5% forecast. According to the INE, this evolution is mainly due to the fact that fuel prices rose more than in January 2022, and that the fall in clothing and footwear prices…

Spanish economy, Spanish Politics 18th January 2023

Price controls and old, failed ideas

Fernando González Urbaneja | Keynes in the closing pages of his “General Theory…” alludes to the failed ideas of old economists nesting in the minds of new rulers as one of the avoidable mistakes. Old ideas, simple answers to somewhat more complex problems are frequent in politics, due to inconsistency, prejudice, ignorance, lack of experience. The most blatant example is the price of the shopping basket, which has undergone appreciable…

European economy, In Europe 18th January 2023

Germany: December final inflation confirms decline to 8.6% year-on-year vs. 10% in November

CoM| Germany’s year-on-year inflation rate stood at 8.6% last December, the lowest since August 2022, after the 10% recorded in November, according to the Federal Statistical Office (Destatis), which estimates a price rise of 7.9% for 2022 as a whole, compared with 3.1% in 2021.In harmonised figures, used by Eurostat in its statistics, Germany’s inflation rate in December was 9.6% year-on-year, which put the average for 2022 as a whole…

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…

« 1 … 7 8 9 10 11 … 34 »