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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 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
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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