Latest Spanish inflation data - 15 February 2018
- Prior m/m 0.0%
- CPI y/y +0.6% vs +0.5% expected
- Prior y/y +1.1%
- HICP m/m -1.5% vs -1.5% expected
- HICP y/y +0.7% vs +0.7% expected
Pretty much within expectations, but a disappointing set of data. The drop in the y/y figure from December to January in particular, though the harmonised reading remains flat - so that's something positive of note.
Euro not too deterred though, as EUR/USD trades at 1.2500, EUR/GBP at 0.8896, and EUR/JPY at 132.91 currently.
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