Latest data released by the National Statistics Institute - 30 December 2019
- Prior +0.2%
- CPI +0.8% vs +0.9% y/y expected
- Prior +0.4%
- HICP -0.1% vs 0.0% m/m expected
- Prior 0.0%
- HICP +0.8% vs +1.0% y/y expected
- Prior +0.5%
A bit of a miss on the monthly reading but headline annual inflation creeps higher relative to November and that should provide some comfort about price pressures in the region. That said, inflation isn't quite where it needs to be just yet so there is still much to be desired.
