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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
Spain (11% of EZ HICP) – Released 0800UK Wed 29 November
Consensus:
- HICP: 3.7% Y/Y (3.5% prior) / -0.1% M/M (0.3% prior)
- CPI: 3.6% Y/Y (3.5% prior) / 0.1% M/M (0.3% prior)
October saw an uptick in Spanish headline inflation with electricity prices contributing to the upside.
- Spain’s inflation breadth metrics for October were less reassuring than in other countries, with the proportion of components printing Y/Y rates under 2% falling to 28% (vs 30% in September).
- In November, analysts expect electricity prices to fall, but for headline inflation to continue ticking upwards.
- Core inflation is projected to stay put, signalling a continuation of the diverging trajectory of Spain’s inflation outcomes compared to the rest of the major Eurozone countries.
Source: INE, MNI Calculations
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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