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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
SPAIN DATA
MNI (London)
MAR PPI +6.6% M/M, +46.6% Y/Y, FEB +41.2%r Y/Y
MAR CORE PPI +13.7% Y/Y, FEB +12.3% Y/Y (1984 HIGH)
- Spanish factory-gate inflation hit new record highs in March, jumping 5.4pp to +46.6% y/y and rising by +6.6% m/m.
- On the month, energy prices rose 15.2%, followed by both intermediate goods and non-durable consumer goods by +2.8% m/m, largely due to iron and steel, chemicals and fertiliser costs. Heightened fuel prices due to the invasion of Ukraine saw substantial upticks in energy prices in Spain's MArch data.
- Core factory-gate inflation reached +13.7% y/y , with energy costs over double of 2021 at +134.6% y/y in March.
- Spain’s flash April CPI print is due Thursday, followed by the Eurozone print on Friday. Inflation in the Eurozone is running hot at 7.4%, setting a tone of urgency ahead of the June policy meeting, with July now seen as a live possibility of the first hike in rates this cycle.
Source: INE
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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