• Spanish CPI up 0.3% y/y

Market news

29 September 2016

Spanish CPI up 0.3% y/y

The estimated CPI in September 2016 annual inflation is 0.3%, according to the leading indicator compiled by the INE. This indicator provides a preview of IPC that, if confirmed, would imply a increase of four tenths in the annual rate, since in August this change was -0.1%. This increase is mainly explained by rising fuel prices (Oil and gas) and electricity, compared to the drop experienced in 2015. Meanwhile, the annual change in the HICP flash is in September 0.1%. If this information is confirmed, the annual rate of HICP increase four tenths from the previous month.

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