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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)
SPAIN SEP FLASH HICP 0.0% M/M (FCST +0.6%); AUG +0.3% M/M
SPAIN SEP FLASH HICP +9.3% Y/Y (FCST +10.0%); AUG +10.5% Y/Y
- The fall in electricity and fuel costs was largely responsible for the fall in headline Spanish CPI in the September flash.
- Price growth stalled on the month (0.0%), whilst year-on-year inflation slowed by 1.2pp to +9.3% y/y following three consecutive months at (and above) +10%.
- Despite energy prices being the key downwards driver, core CPI softened by 0.2pp to +6.2% y/y. This is the first core deceleration in 16 months, which will be taken as cautiously positive news for the ECB.
- Less optimism surrounds German CPI, due at 1300 BST today after a slew of state CPIs, which kicked off with a 2.0pp surge in the NRW-state reading this morning.
Headline Spanish CPI and Core CPI. 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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