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‌‌(M2)‌‌ Downtrend Intact


Some IG & Some Junk Due For Review On Friday


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SPAIN DATA: Final HICP (Apr 2020) 
- HICP: 0.4% m/m, -0.7% y/y; Previous (Mar): 0.1% y/y
- CPI: 0.3% m/m, -0.7% y/y; Previous (Mar): 0.0% y/y 
- INE prepared separate CPI series to capture the impact of COVID-19 which cover
goods and services households most used during lockdown 
- Prices of this basket rose by 1.1% compared to the previous month, however,
prices for services fell by 1.5%, meaning that goods prices drove the increase 
- Among the Covid-19 goods and services, food prices saw the largest annual
increase, rising from 2.5% in Mar to 4.0% in Apr with fresh food ticking up
3.0pp to 6.9%
MNI London Bureau | +44 203-865-3812 |
MNI London Bureau | +44 203-865-3812 |

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