September 27, 2024 07:00 GMT
EUROPEAN INFLATION: Spain: HICP Y/Y misses consensus by 0.2ppt at 1.7%Y/Y
EUROPEAN INFLATION
- Spanish September preliminary HICP came in lower than expected on the yearly rate at +1.7% Y/Y (vs +1.9% cons; +2.4% prior) and the sequential reading at -0.1% M/M (+0.1% cons; 0.0% prior).
- There were larger misses for the national (non-HICP prints): with both headline and core missing expectations by 0.4ppt.
- National CPI came in at +1.5% Y/Y (vs 1.9% cons; 2.3% prior) and -0.6% M/M (vs -0.1% cons; 0.0% prior).
- Core CPI came in 4 tenths below expectations, at +2.4% Y/Y (vs 2.8% cons; 2.7% prior).
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