March 14, 2023 08:06 GMT
HICP Revised 0.1pp Lower to +6.0% y/y
SPAIN DATA
MNI (London)
SPAIN FEB FINAL HICP +0.9% M/M (FLASH +1.0%); JAN -0.4% M/M
SPAIN FEB FINAL HICP +6.0% Y/Y (FLASH +6.1%); JAN +5.9% Y/Y
- Spanish harmonised inflation was revised 0.1pp lower across the m/m and y/y headline prints, confirming February HICP at +0.9% m/m and +6.0% y/y.
- This implies a softer 0.1pp uptick to +6.0% y/y from January and the second consecutive month of higher y/y HICP. With German HICP confirmed at flash levels of +9.3% y/y and French and Italian prints to be released over the next two days, a revision to eurozone HICP is not yet anticipated.
- On the month, harmonised prices accelerated across food (+2.0%), housing (+3.0%), culture and leisure (+1.6%) and hotels/restaurants (+1.0%), whilst cooling for apparel (-1.9% m/m), transport (-0.9%). As such, the increase in services inflation adds to further evidence of sticky underlying pressures for now.
Source: INE
Keep reading...Show less
149 words