Spain April final CPI +3.3% vs +3.3% y/y prelim

  • Latest data released by INE - 14 May 2024
  • Prior +3.2%
  • HICP +3.4% vs +3.4% y/y prelim
  • Prior +3.3%

The positive news is that core annual inflation is seen easing to 2.9%, down from 3.3% in the month before. The hope for the ECB will be for this trend to continue through to year-end. But we'll have to see, especially since monthly core prices have been on the up.

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