Spain January preliminary CPI -1.0% vs -1.1% m/m expected

Latest data released by the National Statistics Institute - 31 January 2020

• Prior -0.1%
• CPI +1.1% vs +1.0% y/y expected
• Prior +0.8%

• HICP -1.4% vs -1.5% m/m expected
• Prior -0.1%
• HICP +1.1% vs +1.1% y/y expected
• Prior +0.8%

Much like the French and German readings today and yesterday respectively, annual headline inflation shows some mild improvement to start the year and that should be reflected later in the overall Eurozone reading as well.