- Prior +10.5%
- HICP +9.3% vs +10.1% y/y expected
- Prior +10.5%
Spain annual inflation slows down in the final month of Q3, with the headline reading coming in at the lowest since May. This is a welcome development and even when you look at core inflation, it is down to 6.2% y/y as compared to the 6.4% y/y reading in August. It is a bit of comfort for the domestic economy and the ECB but make no mistake, 9% inflation is still very, very high.
