Spain March preliminary CPI +0.1% vs +0.4% y/y expected

Latest data released by the National Statistics Institute - 30 March 2020

• Prior +0.7%
• CPI -0.3% m/m
• Prior -0.1%

• HICP +0.2% vs +0.4% y/y expected
• Prior +0.9%
• HICP +0.7% vs +1.0% m/m expected
• Prior -0.1%

The figures are softer-than-expected and this surely is largely attributed to weaker energy prices amid the drop in oil prices seen over the past few weeks.