Spain July preliminary CPI -0.6% vs -0.3% y/y expected

Author: Justin Low | Category: News

Latest data released by the National Statistics Institute - 30 July 2020

  • Prior -0.3%
  • CPI -0.9% vs -0.7% m/m expected
  • Prior +0.5%
  • HICP -0.7% vs -0.2% y/y expected
  • Prior -0.3%
  • HICP -1.6% vs -1.0% m/m expected
  • Prior +0.4%
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Spanish headline inflation continues to sit in deflation territory and the miss on estimates here will just feed into the narrative of the ECB needing to keep stimulus measures for a prolonged period to try and spur inflation pressures down the road.

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