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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
Spanish October flash HICP came in below consensus estimates at at 3.5% Y/Y (vs 3.8% cons; 3.3% prior) and 0.3% M/M (vs 0.5% cons; 0.6% prior). The national CPI also below consensus at 3.5% Y/Y (vs 3.9% cons; 3.5% prior). On monthly basis, CPI was 0.3% M/M (vs 0.7% cons; 0.2% prior).
- Most important however was the six-tenths deceleration in core CPI to 5.2% (vs 5.6% cons; 5/8% prior).
- Downside drivers to the headline rate came from fuel and food/non-alcoholic beverage prices, while electricity contributed to the upside.
- Overall, this month's deceleration seems broad-based, with energy inflating less than expected and services/core goods components bringing down the core rate.
- The chart below plots headline vs core CPI:
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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