Spain April preliminary CPI +2.2% vs +1.9% y/y expected
Latest data released by the National Statistics Institute - 29 April 2021
That is a strong bump in Spanish inflation but bear in mind, the spike in the year-on-year reading owes much to base effect adjustments. April last year saw a drastic fall in energy prices due to the pandemic impact, so the effect is likely transitory.
- Prior +1.3%
- HICP +1.9% vs +1.7% y/y expected
- Prior +1.2%