Free Trial

Inflation Preview: Acceleration On Energy Prices

SPAIN DATA

Spain (11% of EZ HICP) – 0800UK Thu 28 Sep

Consensus expectations:

  • HICP: 3.3% Y/Y (vs 2.4% prior); 0.6% M/M (vs 0.5% prior).
  • CPI: 3.5% Y/Y (vs 2.6% prior); 0.2% M/M (vs 0.5% prior).
  • Core CPI: 6.0% Y/Y (vs 6.1% prior).

Energy prices are expected to be the main contributor to September inflation domestically (which will also push up the Euro-area headline rate). While energy still expected to fall Y/Y, a sequential monthly increase in electricity prices act as an offset.

  • Some analysts note that the clothing component will not see sequential monthly increases as large as usual in September, owing to a weak summer sales period and a basket reweighting effect.

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.