Spanish CPI up 0.9% in September vs 0.8% expected

Market news

30 October 2017

Spanish CPI up 0.9% in September vs 0.8% expected

According to the flash estimate issued by the INE, the annual inflation of the CPI in October 2017 is 1.6%. This indicator provides a preview of the CPI that, if confirmed, would imply a decrease of two tenths in the annual rate, since in September this change was 1.8%. This behaviour highlights the increase in prices of fuels (diesel and gasoline/petrol) lower than that of October 2016.

In turn, the annual variation of the flash estimate of the HICP in October stands at 1.7%. If confirmed, the annual change of the HICP would decrease a tenth as compared to the previous month.

According to the flash estimate of the CPI, consumer prices register a 0.9% variation in October, as compared with September.

In turn, the monthly change of the HICP flash estimate in October stands at 0.6%.

Spanish GDP rose 0.8% in Q3, as expected

Switzerland: KOF Leading Indicator, October 109.1 (forecast 105.5)

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