Spanish CPI up 0.9% m/m vs +0.5% expected

Market news

30 May 2018

Spanish CPI up 0.9% m/m vs +0.5% expected

The estimated annual inflation of the CPI in May 2018 is 2.0%, according to the advance indicator prepared by the INE. This indicator provides an advance of the CPI which, if confirmed, would imply increase of nine tenths in its annual rate, since in the month of April this variation was of 1.1%. This behavior highlights the rise in the prices of fuels (diesel oil and gasoline), compared to the decrease experienced in 2017. It also influences the increase in electricity prices.

European markets stabilised in the opening minutes of trading on Wednesday, following heavy selling around the globe as investors retreated from risk in the face of political turmoil in Italy - DJ

Germany's Saxony May CPI +0.5% m/m, +2.2% On Year

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