Spain May preliminary CPI +2.7% vs +2.4% y/y expected

Latest data released by the National Statistics Institute – 31 May 2021

  • Prior +2.2%
  • CPI +0.4% vs +0.2% m/m expected
  • Prior +1.2%
  • HICP +2.4% vs +2.4% y/y expected
  • Prior +2.0%
  • HICP +0.5% vs +0.5% m/m expected
  • Prior +1.1%

That’s the highest reading since February 2017 as Spanish inflation continues to show strong price pressures in general. The EU-harmonised readings are in-line with estimates but it reaffirms the uptrend amid base effects and higher input cost inflation. 
Invest in yourself. See our forex education hub. Source

Leave a Reply

Your email address will not be published. Required fields are marked *