Inflation in Spain
Spain - Inflation
Inflation eases in May
According to a preliminary estimate released by the National Statistical Institute (INE) on 30 May, annual inflation eased from 2.1% in April to 1.9% in May. INE will release a complete set of data on 13 June. Detailed data for April showed consumer prices jumping 1.4% over the previous month, which doubled the 0.7% rise recorded in March. The monthly rise was mainly the result of a sharp increase in prices for clothing and footwear as well as for alcoholic beverages and tobacco. The core inflation index, which does not include prices for unprocessed food and energy, added 1.2% over the previous month, up from the 0.5% rise recorded in March. Despite the sharp increase, annual core inflation inched down from 1.2% in March to 1.1% in April, its lowest level in 19 months.
Spain - Inflation Data
|Inflation Rate (CPI, annual variation in %)||-0.5||-0.2||2.0||1.7||0.7|
5 years of economic forecasts for more than 30 economic indicators.
Spain Inflation Chart
Source: National Statistical Institute (INE).
|Bond Yield||0.46||5.62 %||Dec 31|
|Exchange Rate||1.12||0.65 %||Dec 31|
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September 7, 2022
The S&P Global Composite Purchasing Managers’ Index (PMI) fell to 50.5 in August from July’s 52.7, reflecting considerably slower growth in the services sectors and another contraction in the manufacturing sector.
August 31, 2022
Retail sales dropped 3.2% year on year in July (June: +0.4% yoy).
August 31, 2022
The current account recorded a EUR 0.0 billion surplus in June, deteriorating from the EUR 2.9 billion surplus clocked in May (June 2021: EUR 0.5 billion surplus).
August 11, 2022
The current account recorded a EUR 2.9 billion surplus in May, improving from the EUR 0.5 billion deficit clocked in April (May 2021: EUR 1.0 billion surplus).
August 8, 2022
Industrial output rose 7.0% year on year in seasonally- and calendar-adjusted terms in June (May: +4.5%).