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

  • Latest data released by INE - 29 February 2024
  • Prior +3.4%
  • HICP +2.9% vs +2.9% y/y expected
  • Prior +3.5%

Headline annual inflation in Spain continues to gyrate around the 3% mark in recent months. The drop in February remains a comforting signal for the ECB. However, core annual inflation is unchanged from January at 3.6%.

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