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

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MNI: SPAIN DATA: Final HICP (Apr 2019) Review
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- HICP: 1.1% m/m, 1.6% y/y; Previous (Mar): 1.3% y/y 
- CPI: 1.0% m/m, 1.5% y/y; Previous (Mar): 1.3% y/y
- Core HICP: 1.1% m/m, 0.9% y/y; Previous (Mar): 0.7% y/y
- Final data in line with flash, confirming 0.3pp rise in headline HICP, driven
by stronger core
- Core inflation y/y rise largely reflects later timing of Easter this year...
- ... with leisure & culture (+0.3%), hotels, cafes & restaurants (+2.3%) and
transportation (+3.2%) providing the greatest upward pressure
- As the Easter effect reverses, both core and headline inflation should fall
back in May

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