Spain April preliminary CPI +4.1% vs +4.4% y/y expected

  • Latest data released by INES - 28 April 2023
  • Prior +3.3%
  • HICP +3.8% vs +4.1% y/y expected
  • Prior +3.1%

The readings may have missed on estimates but they are still higher than what we saw in March. The good news though is that core annual inflation is seen falling from 7.5% last month to 6.6% in April. The report here at least helps to offset the French numbers from earlier.

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