inflation

Relevant News Item 31st July 2023

INE preliminary data shows Spain’s growth slows to 0.4% in 2Q23, while inflation rises to 2.3% in July

The Spanish economy grew by 0.4% between April and June compared with the previous quarter, one tenth of a percentage point less than in the previous quarter, while its year-on-year rate eased by more than two points, from 4.2% in the first quarter to 1.8% in the second, due to the lower contribution of the foreign sector. According to the advance National Accounts data published on Friday by the National…

Spanish economy 13th July 2023

Staircase effect takes Spanish inflation to 1.9, with core inflation at 5.9%

Funcas| The CPI rose by 0.6% in June, well below the 1.9% increase recorded in the same month last year, which has cut the year-on-year inflation rate by 1.3 percentage points to 1.9%. Inflation remains below 2% for the first time since March 2021. Core inflation moderated to 5.9%. The decline in the headline inflation rate was mainly due to the pass-through effect in energy products. Recent months have also…

Spanish economy 30th June 2023

Spanish inflation falls to 1.9% in June, core remains at 5.9%

The leading indicator of the Consumer Price Index (CPI) for the month of June leaves the lowest inflation figure since April 2021. According to information published by the National Statistics Institute (INE), year-on-year inflation stood at 1.9% in June. If this figure is confirmed on 12 July, it would be more than one point lower than the figure recorded in May (3.2%). Yesterday morning, the Minister of Economy, Nadia Calviño,…

Spanish economy 29th June 2023

Council of Ministers extends some anti-inflation measures until 31 December

Bankinter: This is the seventh package of anti-crisis measures worth some €3.8 billion, bringing the measures for the second half of the year to €8.9 billion. Of note are: (1) the maintenance until the end of the year of the reduction in VAT on staple foods (to 0% from 4% for bread, eggs, fruit and vegetables) and to 5% from 10% for other products such as pasta and oils. This…

Spanish economy 13th June 2023

CPI falls to 3.2% in May, 9/10 of a percentage point lower than previous month; core down to 6.1%

The annual rate of the general Consumer Price Index (CPI) in the month of May is 3.2%. This rate is nine tenths of a percentage point lower than that registered the previous month. The groups that stand out due to their influence on the decrease in the annual rate are: Transport, which places its rate at -3.7%, more than four points lower than last month. This decrease is due to…

European economy, Relevant News Item 1st June 2023

Eurozone inflation slows to 6.1% in May, lowest level since February 2022; core moderates to 5.3%

CdM: Price rises ease in the euro area. In May, inflation fell nine tenths of a percentage point from the previous month, bringing the Consumer Price Index (CPI) to 6.1%, according to Eurostat, the EU’s statistical office. This is the lowest level since February 2022, coinciding with the Russian invasion of Ukraine. Excluding the impact of energy, food, alcohol and tobacco, core inflation achieved two consecutive months of moderation, standing…

In Spain, Spanish economy 30th May 2023

Inflation resumes downward trend in May: drops 9/10 of a point to 3.2%, core inflation slows to 6.1%

CdM | The Consumer Price Index (CPI) fell by 0.1% in May compared to the previous month and cut its year-on-year rate by nine tenths to 3.2%, its lowest level since July 2021, due to the moderation in food prices and lower fuel prices. With the fall in May, inflation has resumed its downward trend after the rise of eight tenths of a percentage point in April, which put it…

Spanish economy 27th May 2023

Does the recent upturn in inflation signal the end of a 40-year disinflation cycle?

Capital Group | In the two graphs published below you can see the evolution of inflation data in both the short and the long term. In the second one, we see inflation and money supply indicators moving downwards (with some logic). On the other hand, if we look longer term, our experts extend the inflation data back to 1955 and wonder whether the pick-up we saw in inflation in recent…

Relevant News Item 24th May 2023

Final Eurozone April CPI data will confirm still very high price levels: 7% year-on-year overall and 5.6% year-on-year core

Renta 4: European opening with little change (Eurostoxx futures -0.2%, S&P futures +0.1%), in a session in which we continue to receive relevant data on both activity and prices, and awaiting the conclusions of the meeting between Biden and congressional leaders to discuss the US debt ceiling and avoid default. For the moment, the positions are still at odds and the Republicans are trying to reach an agreement to limit…

European economy, In Europe 17th May 2023

Eurozone inflation rises one tenth of a percentage point to 7% in April

The year-on-year inflation rate in the Euro area accelerated by one tenth of a percentage point in April compared with the previous month, reaching 7%, compared with 6.9% in March, while in the European Union (EU) as a whole, prices eased to 8.1% from 8.3% in March, accumulating five months of moderation, according to data published by Eurostat. Among EU countries, the lowest year-on-year inflation rates were recorded in Luxembourg…

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