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Spanish CPI Surges

SPAIN DATA
MNI (London)

SPAIN DEC HICP +1.1% M/M, +6.6% Y/Y; NOV +5.5% Y/Y

SPAIN DEC CPI +1.2% M/M, +6.5% Y/Y; NOV +5.5% Y/Y

  • Spanish headline inflation surged to +6.5% y/y, +1.2% m/m.
  • HICP was +6.6% y/y, +1.1% m/m
  • This was weaker than flash estimates, which priced December inflation at +6.7% y/y for both HICP and CPI readings, and monthly growth 0.1pt higher

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