Latest data released by the National Statistics Institute - 31 January 2019
- Prior -0.4%
- CPI +1.0% vs +1.1% y/y expected
- Prior +1.2%
- HICP -1.7% vs -1.6% m/m expected
- Prior -0.5%
- HICP +1.0% vs +1.1% y/y expected
- Prior +1.2%
Headline inflation in Spain also indicates a further decline, mirroring similar trends in France and Germany. As mentioned in the French reading earlier, this will only feed into the rhetoric that the ECB may very well change its rate guidance come March.
