Latest data released by the National Statistics Institute - 27 April 2018

  • Prior m/m +0.1%
  • CPI y/y +1.1% vs +1.2% expected
  • Prior y/y +1.2%
  • HICP m/m +0.8% vs +1.2% prior
  • HICP y/y +1.2% vs +1.3% prior

A little miss on inflation figures. Underscoring further weaker-than-expected economic data from the Eurozone. Spain was one of the better performers in Q1 in terms of data, but is starting to look like the rest at the moment.