Spain February preliminary CPI +7.4% vs +6.1% y/y prior

  • Latest data released by the National Statistics Institute - 28 February 2022
  • Prior +6.1%
  • HICP +7.5% y/y
  • Prior +6.2%

The headline reading sees Spanish consumer inflation jump to its highest since 1989 as price pressures continue to surge in the euro area. This won't be of much comfort for the ECB as it just reaffirms that inflation is looking to be a persistent problem still for the time being.

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