Spanish CPI lower than expected in August

Market news

30 August 2017

Spanish CPI lower than expected in August

According to the flash estimate issued by the INE, the annual inflation of the CPI in August 2017 was expected to be 1.6%. This indicator provides a preview of the CPI that, if confirmed, would imply an increase of one tenth in the annual rate, since in July this rate was 1.5%.

It is worth nothing in this behaviour the increase in the prices of fuels (diesel and gasoline/petrol). In turn, the annual rate of the flash estimate of the HICP in August stood at 2.0%. If confirmed, the annual rate of the HICP would increase three tenths as compared to the previous month.

Major European stock exchanges trading in the green zone: FTSE 7375.16 +37.73 + 0.51%, DAX 12023.0 +77.18 + 0.65%, CAC 5060.98 +29.06 + 0.58%

Switzerland: KOF Leading Indicator, August 104.1 (forecast 107)

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