Spanish CPI up 3% y/y, lower than expected

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27 February 2017

Spanish CPI up 3% y/y, lower than expected

The estimated annual inflation in February 2017 is 3.0%, according to the advance indicator prepared by INE. This indicator provides an advance of the CPI which, if confirmed, would Maintenance in its annual rate, since in January this variation was 3.0%. In this behavior, the drop in electricity prices stands out. On the other hand, the annual variation of the leading indicator of the HICP is in February in the 3.0%. If this data is confirmed, the annual rate of the HICP would increase by one tenth last month.

Major European stock markets trading in the green zone: FTSE 100 7,271.53 +27.83 + 0.38%, CAC 40 4,855.98 +10.74 + 0.22%, Xetra DAX 11,841.92 +37.89 + 0.32%

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