Latest data released by the National Statistics Institute - 28 February 2019

  • Prior -1.3%
  • CPI +1.1% vs +1.1% y/y expected
  • Prior +1.0%
  • HICP +0.2% vs +0.1% m/m expected
  • Prior -1.7%
  • HICP +1.1% vs +1.0% y/y expected
  • Prior +1.0%

More or less in-line with expectations here as headline annual inflation ticks a little higher compared to January. That should at least help to provide some relief of waning inflationary pressures in the region ahead of the ECB meeting next week. Let's see what German and Italian figures have to show for later.