Latest data released by the National Statistics Institute - 12 July 2019

  • Final CPI +0.4% vs +0.4% y/y prelim
  • Final HICP -0.1% vs -0.1% m/m prelim
  • Final HICP +0.6% vs +0.6% y/y prelim
  • Core CPI +0.9% y/y
  • Prior +0.7%

The preliminary figures can be found here. Despite headline inflation falling to its weakest level since September 2016, core inflation actually improved in the month of June and that will provide some relief for policymakers in the region. The rest of the readings are in-line with initial estimates so they offer nothing new.