Free Trial

Flash CPI Highest Since 1985

SPAIN DATA
MNI (London)

FLASH HICP MAR +3.9% M/M , +9.8% Y/Y; FEB 7.6% Y/Y

FLASH CPI MAR +3.0% M/M, +9.8% Y/Y; FEB +7.6% Y/Y

FLASH CORE CPI +3.4% Y/Y; FEB +3.0% Y/Y

  • Spanish CPI reached the highest level since 1985 at +9.8% Y/Y in the March flash print, rising 2.2 points on-the-year and 0.7pp on-the-month in the harmonised reading.
  • This is a new euro-area high for Spain.
  • With core inflation at +3.4% y/y, these numbers are unlikely to be of great surprise for policymakers as energy continues to account for the majority of upwards price pressure following the invasion of Ukraine.

Source: INE

To read the full story

Close

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.