Free Trial

MNI: SPAIN DATA: Final HICP (Apr 2019) Preview -.....>

MNI, NEWS
MNI: SPAIN DATA: Final HICP (Apr 2019) Preview - 08:00 BST
-------------------------------------------------------------------------------
- Previous (Mar): 1.4% m/m, 1.3% y/y; Flash (Apr): 1.1% m/m, 1.6% y/y
- Final data is expected to register in line with the flash estimate...
- ... which showed y/y HICP ticking up 0.3pp to 1.6%
- The Apr inflation numbers were boosted by the later timing of Easter this
year...
- ... with INE highlighting a jump in tourist package prices this Apr, versus a
decrease in Apr 2018 
- Headline inflation should snap back in May as the Easter-related price hikes
reverse
- Moreover, core inflation - which remained at just 0.7% y/y in Mar - looks set
to stay relatively weak going forward...
- ... as firms remain hesitant to price through higher wages given elevated
uncertainty over the economic outlook

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.