- Prior 10.8%
- HICP 10.3% vs 10.3% y/y expected
- Prior 10.7%
Spanish annual inflation is seen slowing down in August with the monthly estimate also just showing a 0.1% increase as compared to the 0.3% estimate. That said, core inflation was seen at 6.4% y/y and that is up from the reading in July - which was 6.1% y/y. On the balance of things, double-digit headline inflation will do little to ease worries about elevated price pressures in the region overall.
