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

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MNI: SPAIN DATA: Final HICP (Mar 2019) Preview - 08:00 BST
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- Previous (Feb): 0.2% m/m, 1.1% y/y; Flash (Mar): 1.4% m/m, 1.3% y/y
- Final data is expected to register in line with the flash estimate...
- ... which showed y/y HICP ticking up 0.2pp to 1.3%, as monthly inflation
accelerated at its fastest rate in three years
- Flash release listed higher fuel costs and slower electricity price deflation
as the main drivers
- A 22% minimum wage hike in Jan is feeding through to consumer prices...
- ... input costs rose notably in the Mar Services PMI
- Nevertheless, weak core inflation - Feb 0.7%, lowest since Jul 2016 - is
likely to persist...
- ... as firms' pricing power remains constrained by consumer caution

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