Spain August preliminary CPI +2.7% vs +2.8% y/y expected

  • Latest data released by INE - 29 August 2025
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  • Prior +2.7%
  • HICP +2.7% vs +2.7% y/y expected
  • Prior +2.7%

The headline readings are the same as they were in July but core annual inflation is seen creeping a little higher to 2.4%, up from 2.3% in the month before. So, that is something to keep an eye out for at least. Anyway, this just serves to reaffirm the ECB rate outlook for the time being.

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