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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 OCT FINAL HICP +0.1% M/M, +7.3% Y/Y; SEP -0.2% M/M, +9.0% Y/Y
- Spanish inflation was confirmed having slowed by 1.7pp to +7.3% y/y in the October final print as prices all-but stalled at +0.1% m/m. This is markedly lower than the 10.7% peak recorded in July and a positive sign for the Spanish economy.
- Falling electricity prices as well as slowing goods prices such as clothing contributed to lower headline inflation.
- Food inflation, however, accelerated further in October to a fresh series high (the series began 1994).
- Core inflation remained flat at +6.2% y/y in October, 0.2pp below the August peak.
- Largely unrevised French, Spanish and German data will likely leave Eurozone inflation at +10.7% y/y in October (final print due Thurs).
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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